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A net-zero world ‘would require 306 million tonnes of green hydrogen per year by 2050’: IEA

By May 18, 2021November 19th, 2021No Comments

Achieving global net-zero emissions by 2050 will require about 306 million tonnes of green hydrogen derived from renewable energy each year, according to the International Energy Agency (IEA) report, Net Zero by 2050 – A Roadmap for the Global Energy Sector. This would require a compound average annual growth rate (CAAGR) in clean hydrogen production of 66% between now and 2030, and 23% between 2030 and 2050, the IEA says.

“Global trade in hydrogen develops over time in the NZE, with large volumes exported from gas and renewables-rich areas in the Middle East, Central and South America and Australia to demand centres in Asia and Europe,” the study explains.