Green hydrogen to reshape global trade and disrupt bilateral energy relations, Irena says – The National

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UAE
  • Date: 15-Jan-2022
  • Source: The National
  • Sector: Oil & Gas
  • Country: UAE
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Green hydrogen to reshape global trade and disrupt bilateral energy relations, Irena says – The National

The rise in hydrogen as part of the global energy transition is set to reshape global trade and redefine bilateral energy relations as the emergence of new hydrogen exporters and users changes the geopolitical landscape, according to the International Renewable Energy Agency.

While this decade will mark a “big race” for technology developments in clean hydrogen, demand is expected to only take off in the mid-2030s as costs are likely to fall sharply with the scaling-up of needed infrastructure, Abu Dhabi-based Irena said on Saturday in its latest report Geopolitics of the Energy Transformation: The Hydrogen Factor.

“The transition is not a fuel replacement but a shift to a new system with political, technical, environmental, and economic disruptions,” Francesco La Camera, director general of the 165-member country organisation tasked with promoting renewable energy, said.

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