Geopolitics of the energy transformation: the hydrogen factor

IRENAGeoPolEnergy_COVER

Some of the key findings of the report include:

  • Hydrogen is part of a much bigger energy transition picture, and its development and deployment strategies should not be considered in isolation.
  • Setting the right priorities for hydrogen use will be essential for its rapid scale-up and long-term contribution to decarbonisation efforts.
  • The 2020s could become the era of a big race for technology leadership, as costs are likely to fall sharply with learning and scaling-up of needed infrastructure. Equipment manufacturing offers an opportunity to capture value in the coming years and decades.
  • Hydrogen trade and investment flows will spawn new patterns of interdependence and bring shifts in bilateral relations.
  • Countries with an abundance of low-cost renewable power could become producers of green hydrogen, with commensurate geoeconomic and geopolitical consequences.
  • Hydrogen could be an attractive avenue for fossil fuel exporters to help diversify their economies and develop new export industries.
  • Supporting the advancement of renewable energy and green hydrogen in developing countries is critical for decarbonising the energy system and can contribute to global equity and stability.
  • International co-operation will be necessary to devise a transparent hydrogen market with coherent standards and norms that contribute to climate change efforts meaningfully.

Download the report here.

 

This description was excerpted from irena.org.