🤖 AI Expert Verdict
Hydrogen contributes to decarbonization by offering a path to reduce emissions in high-emitting and hard-to-abate sectors. To accelerate the transition, the industry must scale up clean hydrogen production, replace grey hydrogen, improve infrastructure, and make green hydrogen financially competitive against fossil fuel alternatives.
- Decarbonizes high-emitting sectors.
- Supports the global net-zero transition.
- Offers energy and feedstock solutions.
How Hydrogen Accelerates the Net-Zero Transition
Hydrogen shows great potential. It helps decarbonize the energy system. But major work remains for scaling up production. Hydrogen accelerates the net-zero transition. It specifically targets high-emitting and hard-to-abate sectors.
The Current Landscape
Clean hydrogen can truly transform our energy system. However, current global projects are insufficient. Slated projects will only produce 44 MtH2eq by 2030. This equals only one quarter of the predicted global demand. Over 130 countries have national hydrogen strategies. These countries represent 88% of global carbon emissions. Accelerating clean hydrogen requires viable business cases. We also need a strong focus on long-term resilience.
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The Path Forward for Decarbonization
The industry must take several steps now. These steps help achieve net-zero emissions goals. First, replace existing grey hydrogen production. Use green or blue hydrogen instead. Second, use hydrogen for both energy and feedstock. Third, make green hydrogen cheaper than grey alternatives.
The hydrogen industry can support these goals. It should foster consolidated voluntary demand. It needs to support maturing required technologies. Focus should increase on asset reuse and infrastructure. Cross-industry collaboration is also essential. Leaders need a foundational starting point. They must understand the landscape across these critical sectors. We offer sustainable alternatives for your home and business. Shop Our Products today and make a difference.
Reference: Inspired by content from https://www.deloitte.com/global/en/issues/climate/pathways-to-decarbonization-hydrogen.html.
