Hydrogen deployment must triple to reach net zero – DNV
Green hydrogen costs will fall significantly towards 2050 to $1.5/kg but more must be done, says research agency
Hydrogen is likely to satisfy just 5pc of global energy demand by 2050 under current policies, according to a new report by risk management company DNV. But this figure needs to rise to 15pc to be consistent with a pathway to net zero by 2050, it says. “Hydrogen is essential to decarbonise sectors that cannot be electrified, like aviation, maritime, and high-heat manufacturing and should therefore be prioritised for these sectors,” says DNV CEO Remi Eriksen. “Policies do not match hydrogen’s importance,” he adds. Policy forecast Global spend on producing hydrogen for energy purposes from now until 2050 will be $6.8tn under current policies, with an additional $180bn spent on pipelines and $5
![](/images/white-fade.png)
Also in this section
14 February 2025
Leading European hydrogen investor commits $50m to green fuels developer amid continued uncertainty over US renewables policy
14 February 2025
Focus on facilities in Spain, Egypt and the UK as Mideast Gulf country aims to scale up output to supply markets in Europe and Asia
12 February 2025
Tax incentives attract multiple proposals for hydrogen hubs as government launches new initiative to speed up transition
11 February 2025
Multiple production routes and regional policy differences hamper nascent sector’s ability to attract investment