Empowering Business Leaders: Accelerating the Adoption of Low-Carbon Hydrogen
Key Ideas
  • The World Business Council for Sustainable Development (WBCSD) and Baker McKenzie have launched a toolkit providing practical guidance for senior leaders on adopting low-carbon hydrogen.
  • The toolkit emphasizes the critical role of low-carbon hydrogen in decarbonizing industries like steel, heavy-duty transport, and chemicals, offering insights on navigating transformation and seizing opportunities.
  • Businesses are encouraged to explore internal supply chain projects, collaborate across the value chain, and make informed decisions to drive the adoption of low-carbon hydrogen and meet decarbonization goals.
  • Case studies and examples in the toolkit showcase how companies are integrating low-carbon hydrogen, offering a roadmap for others to follow and inspiring a net-zero future.
The World Business Council for Sustainable Development (WBCSD) and global law firm Baker McKenzie have collaborated to release a toolkit titled “Strategic Investment in Low-Carbon Hydrogen Offtake: A Toolkit for Senior Leaders.” This toolkit aims to assist C-Suite executives and board leaders in making informed decisions regarding the adoption of low-carbon hydrogen amidst the urgent need for decarbonization. The toolkit highlights the importance of low-carbon hydrogen in achieving net-zero emission scenarios in various industries. Despite a projected increase in annual production of low-carbon hydrogen by 2030, the current pace of projects is insufficient to drive deep industrial decarbonization. Through extensive interviews and workshops with industry stakeholders, the toolkit outlines four key actions for businesses to accelerate the adoption of low-carbon hydrogen. These actions include informing policymaking, identifying opportunities for emission reductions, exploring internal supply chain projects, and fostering collaboration across the value chain. Additionally, the toolkit features case studies from sectors like steel, heavy-duty transport, and chemicals, demonstrating practical examples of integrating low-carbon hydrogen. Nancy Gillis from WBCSD emphasizes the importance of converting demand signals into actionable steps, while Andrew Hedges from Baker McKenzie underscores the strategic business potential of transitioning to low-carbon hydrogen. Overall, the toolkit serves as a comprehensive guide for senior leaders to navigate the complexities of low-carbon hydrogen investments, driving sustainable business transformations towards a net-zero future.
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