Green H2 Ambitions Growing Into An Industry

New Hydrogen Projects Achieve Record Numbers Globally with Even Greater Urgency for Final Investment Decisions to Attain Net Zero

September 20, 2022 (Hydrogen Council)

“…[The urgency to ramp up investment in industrial-scale hydrogen energy projects has produced proposals for 680 projects of 1 MW or larger] totaling US$240 billion in direct investment between now and 2030 – an increase of 50% since November 2021…[Final investment decisions (FIDs) are needed to] to jump start project construction and operations…

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Capturing the maximum climate value of hydrogen to deliver the 2050 net zero carbon emissions target requires a tripling of investments in hydrogen projects by 2030 to US$700 billion, equivalent to an additional US$460 billion…

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…[T]he 2030 hydrogen investment figure is equivalent to less than 15% of investment committed to upstream oil and gas over the past decade...[Mutually reinforcing priority actions both for policymakers and for industry across 2022 to 2023 are needed to drive] a rapid increase in hydrogen project investment and on-the-ground deployment…” click here for more

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