Hydrogen technologies are to become ‘essential if the world is to reach net zero emissions by 2050’.
That is according to a new study by IFPEN, SINTEF and Deloitte Finance, which suggests that total demand for hydrogen technologies could be three times higher by 2030 than what the EU has projected.
The study considers how hydrogen will contribute to the EU’s goal of net zero emissions by 2050, based on actual European targets and modelling frameworks.
Reviewing the impacts of cost, technology mix and risks associated with the transition, the study reveals that demand for hydrogen may exceed 100 million tonnes by 2050. It places great importance on the availability of renewable hydrogen and low carbon technologies, as well as the need to scale up capacity if targets are to be met.
The study concludes that as well as hydrogen, carbon capture storage (CCS) and natural gas will become essential if the world is to achieve net zero emissions.
Johannes Trüby, Director for Energy and Regulation at Deloitte Economic Advisory, said: “As the EU takes the first legislative steps to put its 2050 goals into action, the study shows that the contribution of hydrogen to full decarbonisation could go far beyond what the EU Hydrogen Strategy suggests.
“Based on a comprehensive analysis of the European energy system, our models have shown that hydrogen will be essential for steel, chemicals and heavy-duty transportation and that a mix of renewable and low-carbon hydrogen is best placed to deliver on the Climate Law’s net zero target.”