A joint report by the International Renewable Energy Agency (IRENA) and WTO published on 9 December provides insights on global hydrogen trade and related policies for scaling up production. Hydrogen produced exclusively from renewable power – known as green hydrogen – is widely recognised as a key pillar in replacing fossil fuels and decarbonizing sectors that cannot easily be electrified, such as some industrial processes, shipping and aviation.
The energy transition will require a fast increase in the production of green hydrogen. IRENA estimates that hydrogen and its derivatives would meet 14% of global final energy consumption in 2050 in a scenario in which rising global temperatures resulting from emissions are limited to not more than 1.5°C.
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