Low-emissions hydrogen projects grow as policy support races to catch up

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🗞️ Driving the news: Low-emissions hydrogen projects are gaining momentum globally, with investment decisions doubling in the past year, but policy support still lags behind in key sectors like heavy industry and transport, according to the IEA’s Global Hydrogen Review 2024

🔭 The context: Global electrolyser capacity has reached 20 GW, and if all announced projects are realized, low-emissions hydrogen production could grow fivefold by 2030
• However, regulatory uncertainties, cost pressures, and lack of demand creation remain significant barriers

🌍 Why it matters for the planet: Low-emissions hydrogen is critical for decarbonizing industries like steel, refining, and chemicals, but insufficient policy action and demand incentives risk slowing progress, hindering global climate goals

⏭️ What's next: Governments must implement stronger demand-creation policies, reduce costs, and improve regulations to accelerate deployment, with opportunities in regions like Latin America for both domestic use and export

💬 One quote: “For these projects to be a success, low-emissions hydrogen producers need buyers” — Fatih Birol, IEA Executive Director

📈 One stat: Global hydrogen production could reach 50 million tonnes annually by 2030 if the sector grows at a 90% compound annual growth rate

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