Low Emission Hydrogen: creating markets to get buyers to make firm commitments
Low emission hydrogen is expected to play an important role in global decarbonisation, though costs today are very high and must come down.
The remaining carbon budget (in 2023) to stay under 1.5 °C (for a likelihood of 50%) is 250 gigatonnes CO2, with estimated exhaustion in 2029. This gives humanity only a 5-year window before breaching this temperature limit. Hydrogen – as an energy carrier – is expected to play an important role in global decarbonisation, especially in hard to abate sectors.
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