Wood Mackenzie: Green hydrogen key to a net-zero future

The 26th Conference of the Parties to the United Nations Framework Convention on Climate Change (COP26) brings together countries to jointly develop a path to net zero emissions

However, WoodMac, a world-renowned energy consultancy, said that the COP26 meeting should not be just a discussion, and the energy industry hopes to deliver real solutions after the COP26 meeting

Each technology will play its part in decarbonizing the global energy system

Green hydrogen is also involved in changing perceptions of the potential of 100% clean energy

Given the right market and policy environment, green hydrogen has the potential to be a key driver of net-zero goals for many participating countries at COP26

Governments are already studying the potential to become the first hydrogen energy nations

California's low-carbon fuel standard has sparked early momentum in the U.

Cost is a major barrier to implementation, with green hydrogen currently 3 times more expensive than hydrogen produced from fossil fuels

　　However, there are some positive examples, such as Bloom Energy, a California-based solid oxide fuel cell manufacturer that has been working to lower the cost curve for green hydrogen fuel globally

　　Wood Mackenzie gave an example of a similar case in the energy industry

　　Therefore, given the touchpoints of green hydrogen, it offers more benefits than any other potential low-carbon technology

　　The potential of green hydrogen is greatly enhanced as the global ambition of net-zero emissions is achieved, and we need policymakers to develop regulations that link supply and demand

　　Producers, users and innovators of green hydrogen must come together to demonstrate green hydrogen across multiple industries and settings, reduce costs, and illustrate its potential for scalability

　　Flor Lucia De la Cruz, senior research analyst at Hydrogen and Emerging Technologies, said: "The challenges of deploying low-carbon hydrogen fuels at scale today include transportation from the producer to the demand side, and in addition to bridging the gap from the supply side to the demand side, At this point, the government can really step in and support the deployment of large midstream infrastructure, such as pipelines, which are the cheapest way to transport hydrogen

　　To fully realize the economic and environmental opportunities presented by green hydrogen energy, all parties must support each other in innovating and enhancing their potential