Hydrogen demand models vary widely
Collation of 14 different scenarios by World Energy Council shows uncertainty over sector’s growth
Global hydrogen demand scenarios from different organisations vary greatly, with the lowest modelling showing 77mn t/yr of demand by 2030 and the highest showing 212mn t/yr by the same year. Current global hydrogen demand is a little over 75mn t/yr. The varying scenarios are the results of different levels of policy action being modelled, with the least ambitious being consultancy’s Acil Allen’s ‘low scenario’ and the most ambitious being the IEA’s ‘net zero scenario’. The Acil Allen ‘low scenario’ sees the world missing the goals of the Paris Agreement, with a 50pc chance of limiting the peak in global temperatures to between 2°C and 4°C. The IEA’s net-zero scenario sees a 50pc chance of li
Also in this section
22 November 2024
The Energy Transition Advancement Index highlights how the Kingdom can ease its oil dependency and catch up with peers Norway and UAE
21 November 2024
Maintaining a competitive edge means the transformation must maximise oil resources as well as make strategic moves with critical minerals
20 November 2024
The oil behemoth recognises the need to broaden its energy mix to reduce both environmental and economic risks
15 November 2024
Danish electrolyser firm stays focused on US expansion plans amid policy uncertainty in wake of Republican election victory