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Incentives are needed for both supply and demand, according to the IEA
Low carbon energy markets IEA
Tom Young
25 October 2022
Follow @PetroleumEcon
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Hydrogen demand growth needs new sectors

Demand must double by 2030 to be consistent with a net-zero emissions by 2050 scenario, says IEA

Hydrogen demand will reach 115mn t/yr by 2030, according to the IEA in its latest Global Hydrogen Review. Demand projections among other organisations are relatively consistent, with risk management group DNV foreseeing 131mn t/yr of demand by 2030 in its latest report, and thinktank the Energy Transition Commission estimating 120mn t/yr. All three forecasts are based largely around national and regional hydrogen strategies that lay out targets up to 2030—and all are low compared to what is needed, the IEA says. Some 130mn t/yr would be required by 2030 to meet existing climate pledges put forward by governments around the world, and nearly 200mn t/yr by the same date to be on track for net-

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Oil major cites strategy reset as it walks away from Australian Renewable Energy Hub, leaving partner InterContinental Energy to lead one of world’s largest green hydrogen projects
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Electrolysis seen as most leakage-prone production pathway as study warns of sharp increase through 2030 and beyond
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Stellantis halts hydrogen vehicle programme
16 July 2025
Major manufacturer cancels rollout of new hydrogen-powered vans and strengthens focus on battery electric and hybrid markets

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