Hydrogen as one of the pillars of the energy transition
First global initiative to demonstrate that hydrogen counts among the key solutions for energy transition, the study, named ‘Hydrogen, Scaling up’, announces hydrogen as a pillar of the energy transition.
The world needs a cleaner and more sustainable supply of energy
According to the Hydrogen Council, nearly a fifth of the energy consumed will be hydrogen based by 2050, following large-scale deployment. Moreover, this use would enable a reduction of annual global CO2 emissions by about 6 giga tonnes and would thus help to reach the objective of limiting global warming to 2 °C, compared to the 4 °C announced for the years to come.
“Hydrogen is the last step of the decarbonation process and is a tremendous solution for the future of energy, without CO2 or fine particles.”
Hydrogen: a vector of employment
On top of these major advantages for energy, the Hydrogen Council study also reveals the benefits of hydrogen for our economy. Regarding the demand, hydrogen could provide energy for 10 to 15 million cars and 500,000 trucks by 2030, as well as being used in other sectors in the form of raw material or in industrial processes, electricity for buildings, energy storage and many others.
With these applications, the annual demand for hydrogen could be multiplied tenfold by 2050 and carve out a lion’s share of 18% of the total energy demand. These points make it a real pillar of the energy transition, which could thus generate sales of 2,500 billion dollars and create over 30 million jobs by 2050.
This study shows that the large-scale implementation of hydrogen, from private users to large industries, would provide many environmental, energy or economic benefits for a cleaner future, while highlighting the challenges that will have to be met in the coming years.
“Hydrogen will be an essential vector of energy transition in certain regions. We now need the concerted efforts of all stakeholders to ensure that this ambition becomes a reality.”