IEA: Hydrogen needs US$1.2t for zero emissions goal | Malay Mail

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PARIS, Oct 4 — Governments must step up investment in low-carbon hydrogen to unlock its potential and help the world achieve net zero emissions, with US$1.2 trillion (RM5 trillion) needed by 2030, the International Energy Agency said today. Governments with hydrogen strategies have committed...

PARIS, Oct 4 — Governments must step up investment in low-carbon hydrogen to unlock its potential and help the world achieve net zero emissions, with US$1.2 trillion needed by 2030, the International Energy Agency said today.

Only three countries — France, Japan and South Korea — had hydrogen strategies in 2019, but 17 do now and 20 others are working on one, the IEA said in its Global Hydrogen Review for 2021.The technology also has potential in other sectors where emissions are difficult to reduce, including long-haul trucking, shipping and aviation, the agency said.

“But this time, we are seeing exciting progress in making hydrogen cleaner, more affordable and more available for use across different sectors of the economy,” he said. Nearly all hydrogen produced today comes from fossil fuels and releases 900 million tonnes of CO2 emissions — as much as Britain and Indonesia combined, according to the IEA.

 

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