Overview
Green hydrogen is produced by splitting water molecules using electricity from renewable sources. It serves as a clean fuel for heavy industry, shipping, aviation, and energy storage. Unlike grey hydrogen (from natural gas), it produces zero carbon emissions. Major investments from governments and corporations are scaling production and reducing costs. The EU, Japan, and Australia have launched national hydrogen strategies. Green hydrogen is expected to play a critical role in decarbonizing sectors where direct electrification is difficult.
Tags
hydrogen economyelectrolysisclean fuelenergy storage
Economic Impact
High Impact
Projected $600B+ market by 2050, enabling decarbonization of heavy industry and transport.
Emerged
2020
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Policy
Net-Zero Emissions Targets
Commitments by nations and companies to achieve zero net greenhouse gas emissions.