Hydrogen limited to 3.4pc of global energy in 2050 – S&P
Conservative forecast assumes multiple constraints on growth and competition from other low-carbon solutions
Hydrogen will provide only 3.4pc of global energy in 2050 as its growth will be limited by production costs, the pace of investment and project construction, and competition from other low-carbon options such as electrification, according to new analysis by information provider S&P Global Commodity Insights. S&P’s forecast for hydrogen’s share of global energy is very much at the lower end of current projections, most of which fall within a range of 5–20pc. It describes the forecast as “conservative” compared with country and energy agency targets. Hydrogen’s role will often be as the marginal source of low-carbon supply in industries still going through the energy transition. S&
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