A clean energy transition with hydrogen energy could be closer than we think

The document asserts that hydrogen energy could provide 20% of the world's CO2 abatement needs by 2050 and meet 18% of final energy demands. It highlights a projection that scaling production and manufacturing could reduce hydrogen solution costs by up to 50% by 2030, making it competitive with low-carbon and conventional alternatives. To achieve this, the text calls for approximately $70 billion in investment over the next decade and supportive government policies to decarbonize hard-to-abate sectors like heavy transport, steel, and aviation.

• Hydrogen energy has the potential to significantly impact global climate goals, potentially meeting 18% of the world's final energy demands and providing approximately 20% of the CO2 abatement needed to limit global warming by 2050.
• The cost of hydrogen solutions is projected to decrease by up to 50% by 2030 through the massive scaling of production, distribution, and component manufacturing, which would make it competitive with other low-carbon and some conventional options.
• Hydrogen is identified as a primary decarbonization option for hard-to-abate sectors, including aviation, steel, industrial heating, and heavy-duty transportation, the latter of which together represent about 15% of global energy consumption.
• Achieving cost-competitiveness in hydrogen energy will require approximately $70 billion in investment over the next ten years, a figure that represents less than 5% of the $1.85 trillion spent annually on global energy.

APA

Chung, B. P. E. (2020). A clean energy transition with hydrogen energy could be closer than we think. World Economic Forum. https://www.weforum.org/stories/energy-transition/a-clean-energy-future-with-hydrogen-could-be-closer-than-we-think/

Chicago

Chung, Benoît Potier, Euisun. A clean energy transition with hydrogen energy could be closer than we think. World Economic Forum, 2020. https://www.weforum.org/stories/energy-transition/a-clean-energy-future-with-hydrogen-could-be-closer-than-we-think/.

Wikipedia

{{cite press release |last1=Chung |first1=Benoît Potier, Euisun |title=A clean energy transition with hydrogen energy could be closer than we think |publisher=World Economic Forum |date=31 January 2020 |url=https://www.weforum.org/stories/energy-transition/a-clean-energy-future-with-hydrogen-could-be-closer-than-we-think/ |access-date=23 October 2026 |via=Climate Insights Directory}}

BibTeX

@misc{chung2020clean, author = {Chung, Benoît Potier, Euisun}, title = {{A clean energy transition with hydrogen energy could be closer than we think}}, publisher = {World Economic Forum}, year = {2020}, month = jan, url = {https://www.weforum.org/stories/energy-transition/a-clean-energy-future-with-hydrogen-could-be-closer-than-we-think/}, urldate = {2026-10-23}, note = {Indexed by Climate Insights Directory} }