The energy transition will require a scaleup in investment to meet net zero by 2050
Hydrogen deployment ‘off track’ to meet net zero – Irena
The sector will need $170bn/yr in investment by 2050 for energy system to be consistent with 1.5°C limit to warming, says association
The energy transition is not on track to meet net-zero emissions by 2050 and limit global temperature increase to 1.5°C, warns the International Renewable Energy Agency (Irena) in a preview of its World Energy Transitions Outlook 2023 report. In addition to renewable energy capacity, electric vehicle rollout and CCS, hydrogen is highlighted as a sector that has significant gaps between current trends and the scale of development needed for a net-zero energy system. Irena expects electricity to be the main energy carrier in its 1.5°C scenario, accounting for more than half of final energy consumption, while hydrogen and its derivatives account for 14pc. “We simply cannot continue with i
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25 February 2026
Low-carbon hydrogen and ammonia development is advancing much more slowly and unevenly than once expected, with high costs and policy uncertainty thinning investment. Meanwhile, surging energy demand is reinforcing the role of natural gas and LNG as the backbone of the global energy system, panellists at LNG2026 said
18 February 2026
Norwegian energy company has dropped a major hydrogen project and paused its CCS expansion plans as demand fails to materialise
4 February 2026
Europe’s largest electrolyser manufacturers are losing patience with policymakers as sluggish growth in the green hydrogen sector undermines their decision to expand production capacity
2 February 2026
As a fertiliser feedstock, it is indispensable, but ammonia’s potential as a carbon-free energy carrier is also making it central to global decarbonisation strategies
