The current rate of hydrogen uptake is not strong enough compared to what is required for the Net Zero trajectory despite growing momentum, according to an updated Hydrogen Council report.
Since the 2022 Global Hydrogen Flows report was released, the update said, “it has become clear that the world is not on a Net Zero trajectory, at least not by 2030.”
While the Net Zero demand scenario remains the Council’s reference, it said the dampened outlook reflects a reality that cannot be ignored.
“Despite positive trends, both producers and would-be users of hydrogen continue to face challenges, from increasing costs to technological uncertainties to a lack of coherent and stable regulation, including a global price on carbon, that impact the pace and buildout of the hydrogen economy,” it wrote.
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