Three reasons why international cooperation is key to unlocking the hydrogen energy economy

The document advocates for global public-private collaboration to unlock the hydrogen energy economy, citing its potential to meet 18% of world energy demand and abate 6 gigatons of CO2 annually. It identifies three primary drivers for cooperation: the inability of any single entity to act alone, the proven success of existing large-scale projects, and the need to inspire further investment to reach a required $280 billion by 2030.

• Clean hydrogen energy, produced from renewable or low-carbon sources, is positioned as a tool to achieve Paris Agreement goals. According to a McKinsey report, scaling hydrogen energy could potentially meet 18% of global energy demand, create 30 million jobs, generate $2.5 trillion in sales, and abate 6 gigatons of CO2 every year.
• The transition to a hydrogen economy requires a symbiotic relationship between the public and private sectors. Private sector players provide large-scale capital and innovative technologies, while governments are needed to level regulatory playing fields, create demand through public procurement, and decrease production and distribution costs.
• Existing large-scale projects demonstrate the efficacy of cooperation. The Hydrogen Council has identified over 20 flagship projects aiming for 75 million tons of carbon abatement, including the H21 Leeds City Gate Project for pipeline conversion, H2 Mobility's plan for several hundred stations in German metropolitan areas by 2023, and the Fukushima Hydrogen Project's electrolysis plant.
• Significant investment is required to realize hydrogen's role in the energy transition, with an estimated $280 billion in global investment needed between 2019 and 2030. The document emphasizes that regulatory frameworks are necessary to share risks and encourage this long-term investment.

APA

Chung, B. P. E. (2019). Three reasons why international cooperation is key to unlocking the hydrogen energy economy. World Economic Forum. https://www.weforum.org/stories/energy-transition/cooperation-will-unlock-the-hydrogen-economy/

Chicago

Chung, Benoît Potier, Euisun. Three reasons why international cooperation is key to unlocking the hydrogen energy economy. World Economic Forum, 2019. https://www.weforum.org/stories/energy-transition/cooperation-will-unlock-the-hydrogen-economy/.

Wikipedia

{{cite press release |last1=Chung |first1=Benoît Potier, Euisun |title=Three reasons why international cooperation is key to unlocking the hydrogen energy economy |publisher=World Economic Forum |date=23 January 2019 |url=https://www.weforum.org/stories/energy-transition/cooperation-will-unlock-the-hydrogen-economy/ |access-date=23 October 2026 |via=Climate Insights Directory}}

BibTeX

@misc{chung2019three, author = {Chung, Benoît Potier, Euisun}, title = {{Three reasons why international cooperation is key to unlocking the hydrogen energy economy}}, publisher = {World Economic Forum}, year = {2019}, month = jan, url = {https://www.weforum.org/stories/energy-transition/cooperation-will-unlock-the-hydrogen-economy/}, urldate = {2026-10-23}, note = {Indexed by Climate Insights Directory} }