Hydrogen will create new global trade flows
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
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