A new report highlighting the potential of hydrogen as a clean fuel to help meet climate goals finds Germany could produce cost-competitive hydrogen in 2050.
Global Gas Report 2020, by the International Gas Union (IGU), research company BloombergNEF (BNEF) and Italian gas infrastructure firm Snam, states there are major opportunities to scale up the use of low-carbon gas technologies, but these depend on substantial policy action and infrastructure in the coming years.
According BNEF estimates, clean hydrogen could abate up to 37% of energy-related greenhouse gas emissions. However, this would require a range of meaningful steps, including emissions pricing linked to clear, Paris-aligned long-term climate targets; harmonised standards governing hydrogen use; coordinated strategies regarding regional and global infrastructure roll-out, and the deployment of hydrogen-ready equipment, such as pipelines, gas turbines and end-use appliances.
Jon Moore, CEO of BNEF, said, “It is increasingly clear that the goals of the Paris Agreement cannot be met without a substantial scale-up of clean gas technologies – such as hydrogen.”
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