Building a Sustainable Global Hydrogen Trade: Insights from the Hydrogen Technology Expo in Hamburg
Key Ideas
- Collaboration between policymakers and industry developers is crucial for the success of a global hydrogen trade.
- Funding alone is not sufficient to achieve the required 500 million tonnes of hydrogen production for global decarbonisation.
- Harmonisation among countries and between the public and private sectors is essential to align policies, standards, and investments.
- Scottish Minister for Climate Action emphasized the need for coordinated efforts beyond just government involvement.
Attendees at the Hydrogen Technology Expo in Hamburg, Germany, highlighted the importance of collaboration between policymakers and industry developers to establish a global hydrogen trade. The panel of representatives from Scotland, Germany, and Canada stressed the significance of harmonisation among countries and between the public and private sectors to achieve the Net Zero by 2050 scenario, which requires over 500 million tonnes of hydrogen production for global decarbonisation. They underlined the necessity for coordinated efforts to align policies, standards, and investments across borders. The Scottish Minister for Climate Action, Alasdair Allan, stated that government funding alone is insufficient for such a massive endeavor and that collaboration beyond governmental resources is essential for success.
Topics
Middle East
Funding
Decarbonisation
Collaboration
Industry
Global Trade
Investments
Policymakers
Net Zero 2050
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