Building a Global Hydrogen Trade: Insights from the Hydrogen Technology Expo
Key Ideas
- Collaboration between policymakers and industry developers is crucial for a successful global hydrogen trade.
- Harmonisation among countries and between public and private sectors is deemed essential to achieve Net Zero by 2050 goals.
- Coordinated efforts are needed to align policies, standards, and investments across borders for effective hydrogen production.
- Government support is crucial, but it's acknowledged that funding alone won't suffice, requiring a joint effort from various stakeholders.
The Hydrogen Technology Expo in Hamburg, Germany, shed light on the critical role of collaboration between policymakers and industry developers in establishing a global hydrogen trade. Representatives from Scotland, Germany, and Canada underscored the importance of harmonisation among countries and between public and private sectors to reach the ambitious Net Zero by 2050 targets, necessitating over 500 million tonnes of hydrogen production for global decarbonisation. They emphasized the need for concerted efforts to align policies, standards, and investments across borders. Scottish Minister for Climate Action, Alasdair Allan, highlighted that government support is essential but insufficient on its own, stressing the requirement for joint contributions from multiple stakeholders beyond mere funding. This insight underscores the significance of partnership and coordination in propelling the hydrogen industry towards a sustainable and decarbonised future.