Hydrogen is crucial for meeting the Paris Agreement goals to decarbonize hard-to-abate sectors. To meet the targets, hydrogen would need to meet around 15% of world energy demand by mid-century. But according to DNV’s recently published Hydrogen Forecast to 2050, global uptake is tracking low and late, reaching just 5% by 2050.
Our research suggests that for hydrogen to play its optimal role in the race for net zero, much stronger policies are needed to scale beyond the present forecast, in the form of stronger mandates, demand-side measures giving confidence in offtake to producers, and higher carbon prices. However, there is still a long way to go: first for investment to flow beyond research and pilot projects, and second to realize many large-scale hydrogen projects and develop or retrofit infrastructure.
Join us on 9 August 2022 for a breakfast seminar to hear about the opportunities and challenges for Australia within this changing energy landscape.
Pre-registration is required.
Please RSVP your attendance by 3 August 2022.