The recently released assessment report by the Intergovernmental Panel on Climate Change makes clear the scale of the global challenge that lies ahead. The world has a narrow window for limiting global warming to 1.5 degrees above pre-industrial levels, requiring a massive acceleration of the energy transition.
There’s a lot to do to make that happen, and near the top of the list is rapidly developing a terawatt-scale green hydrogen industry.
Projections from bodies such as the International Energy Agency (IEA), BloombergNEF and the Energy Transitions Commission, see clean hydrogen providing up to 22% of energy in a net zero global economy. This will be a massive new industry, of a similar scale to today’s natural gas industry.
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