Green Hydrogen: The “infant sector” that can make $200bn/yr – MEP MiddleEast

Green Hydrogen: The “infant sector” that can make $200bn/yr – MEP MiddleEast

With several countries around the world having set targets to achieve net zero emissions by 2050, green hydrogen is increasingly becoming a key component in the global energy transition.

More importantly, it has been considered as the go-to-fuel for decarbonising industries that require high density fuel or intense heat such as steel and concrete manufacturing, aviation, and shipping.

Despite experts’ estimates of an increase to 24EJ/year for the global demand of the hydrogen market, the speed of its adoption depends on the potential of upscaling, price & investments, hydrogen regulatory frameworks as well as on political commitment and business momentum.