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Hydrogen is an essential element for the new climate neutral economy. Large scale investments in the energy carrier, stable and ambitious policy framework, enhanced energy security along with diversification from conventional/fossil fuels will drive industrial competitiveness, thereby boosting the deployment of renewable H2. Ongoing green industrial revolution primarily across the emerging economies, thriving electrolyzer manufacturing industry in the developed regions including Europe along with long term partnerships for low carbon hydrogen development will support the energy transition. Utilization across various applications including transportation, ammonia production, aviation and marine among others will continue to ramp up the adoption in the overall energy matrix. Further, global collaborations on large scale hydrogen flagship projects coupled with H2 specific targets across various countries will support development of low cost renewable hydrogen, thereby contributing to decarbonization of various end use sectors.
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