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
![](/images/white-fade.png)
Also in this section
26 July 2024
European offtakers and strategic investors start to unlock North African country’s vast potential as a green hydrogen and ammonia supplier
25 July 2024
Investment in 100MW green hydrogen facility in Germany comes as oil major’s wider transition strategy comes under scrutiny
24 July 2024
World’s largest green fertiliser supply agreement puts Villeta project in Paraguay on track for FID later this year
23 July 2024
Awards experience 20% increase in nominations this year, with submissions from 27 countries