Hydrogen economy will reshape geopolitics – Irena
Setting standards and establishing cooperative bodies is vital to ensuring market grows as fast as possible, says agency
The growth of the hydrogen economy will reshape geopolitical relationships that have been based around the extraction of fossil fuels, according to a report from the International Renewable Energy Agency (Irena). The recent volatility of oil and gas prices is a stark reminder of the centrality of fossil fuels to geopolitics, and vice versa. The report outlines ways in which the hydrogen market can reduce dependence on countries that provide fossil fuels, and therefore their geopolitical influence. “Governments have a unique opportunity to shape the advent of hydrogen, by contributing to the design of markets supportive of the energy transformation while avoiding existing limitations and inef
Also in this section
17 April 2024
Building green hydrogen ports and lower production costs key to becoming global exporter
16 April 2024
European Commission to provide list of approved certifiers in a move that is expected to help unlock investment in the sector
9 April 2024
Higher country-level risk and green hydrogen project execution risks are driving up financing costs, according to the Hydrogen Council and McKinsey
4 April 2024
EET’s $2.4b plan to decarbonise major refinery in northwest England hits key milestone with CO₂ pipeline approval