Global law firm Baker McKenzie has today released a report showing that despite regulatory challenges, legal complexity and the current lack of incentives to invest in decarbonised hydrogen without government support, important opportunities exist for businesses seeking to reap first-mover advantages.
Countries across the world are rapidly concluding that a successful decarbonisation path cannot solely rely on renewable electricity and that a zero carbon hydrogen solution will be needed.
Growing the clean hydrogen market will also be necessary to lower costs, to increase the power system’s flexibility and to decarbonize many industries.
Therefore, many governments have started supporting the growth of the low carbon hydrogen market, just as they did for renewables.
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