HYDROGEN DEVELOPMENT STRATEGIES: A GLOBAL PERSPECTIVE

On 30 August, an article from European think-tank Bruegel says that, despite different strategies, the EU, the UK, the US, China and Japan all expect hydrogen to play a significant role in the decarbonisation of their economies by expanding its use in energy and transport systems.  It says that one of the two main reasons hydrogen is now ‘in vogue’ is that, as a chemical energy carrier, it meets the storage and flexibility needs of a renewable energy. Also, hydrogen can be used to decarbonise hard-to-abate sectors, such as heavy industry, trucking, aviation or shipping.  Since 1975, global hydrogen demand has grown more than threefold and now renewable hydrogen is now looking increasingly viable.  The article provides a first comparison of the plans in the EU, UK, US, China and Japan to draw some initial perspectives on the current status of hydrogen development strategies globally.

https://www.bruegel.org/2021/08/hydrogen-development-strategies-a-global-perspective/

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Author: raytodd2017

Chartered Legal Executive and former senior manager with Isle of Man Customs and Excise, where I was (amongst other things) Sanctions Officer (for UN/EU sanctions), Export Licensing Officer and Manager of the Legal-Library & Collectorate Support Section

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