{"id":22989,"date":"2022-07-07T16:24:04","date_gmt":"2022-07-07T10:39:04","guid":{"rendered":"https:\/\/www.revoscience.com\/en\/?p=22989"},"modified":"2022-07-07T16:26:10","modified_gmt":"2022-07-07T10:41:10","slug":"green-hydrogen-trade-set-for-trading-quarterly-by-2050","status":"publish","type":"post","link":"https:\/\/www.revoscience.com\/en\/green-hydrogen-trade-set-for-trading-quarterly-by-2050\/","title":{"rendered":"Green Hydrogen Trade Set for Trading Quarterly by 2050"},"content":{"rendered":"\n

Abu Dhabi, UAE<\/strong>\u00a0– To make hydrogen trade cost-effective, the costs of producing and trading green hydrogen must be lower than domestic production to offset higher transport costs. <\/p>\n\n\n\n

A new report series released by the International Renewable Energy Agency (IRENA) sees hydrogen trade significantly contributing to a more diversified and resilient energy system.<\/p>\n\n\n\n

Global hydrogen trade to meet the 1.5\u00b0C climate goal<\/strong><\/em><\/a>\u00a0shows the importance of the future hydrogen trade. Trade allows countries to tap into affordable hydrogen as the scale of projects progresses and technology matures. One-quarter of the global hydrogen demand could be satisfied by international trade through pipelines and ships.<\/p>\n\n\n\n

\"\"<\/figure>\n\n\n\n

With falling costs of renewables and the hydrogen potential exceeding global energy demand by 20-fold, three-quarters of global hydrogen would still be produced and used locally in 2050. This is a significant change from today\u2019s oil market where the bulk is internationally traded. <\/p>\n\n\n\n

\u201cHaving access to abundant renewables will not be enough to win the hydrogen race, it\u2019s also necessary to develop hydrogen trade\u201d, IRENA\u2019s Director-General Francesco La Camera said. \u201cIt is true that hydrogen trade offers multiple opportunities from decarbonizing industry to diversifying supplies and improving energy security. Energy importers can become the exporters of the future.\u201d<\/p>\n\n\n\n

\u201cHowever, governments must make significant efforts to turn trade aspirations into reality\u201d, La Camera added. \u201cA mix of innovation, policy support, and scale can bring the necessary cost reduction and create a global hydrogen market. Whether trade potentials can be realized will strongly depend on countries\u2019 policies and investment priorities and the ability to decarbonize their own energy systems.\u201d<\/p>\n\n\n\n

IRENA\u2019s\u00a0World Energy Transitions Outlook<\/strong><\/em><\/a>\u00a0sees hydrogen covering 12 percent of global energy demand and cutting 10 percent of CO2 emissions by 2050. Yet, hydrogen can only be a viable climate solution if the power needed to produce it comes in addition to the electrification of the energy system, placing an even greater uptake of renewable power at the heart of the transition.\u00a0<\/p>\n\n\n\n

The new reports see half of the hydrogen being traded through largely existing, repurposed gas pipelines drastically reducing the costs of transport. Shipping of green ammonia would account for most of the other half, largely intercontinental hydrogen trade.<\/p>\n\n\n\n

As hydrogen becomes an increasingly internationally traded commodity, the hydrogen sector will attract growing sums of investment. Satisfying the global demand requires an investment of almost USD 4 trillion by 2050. Net zero-aligned finance instruments will have to leverage the investment needed.<\/p>\n\n\n\n

Today\u2019s published new modeling framework can be used to assess critical parameters that will affect future trade flows. This report completes a series of two earlier reports on\u00a0green hydrogen supply cost and potential<\/strong><\/a>\u00a0as well as\u00a0technology review of hydrogen carriers<\/strong><\/a>. \u00a0<\/p>\n","protected":false},"excerpt":{"rendered":"

To make hydrogen trade cost-effective, the costs of producing and trading green hydrogen must be lower than domestic production to offset higher transport costs. <\/p>\n","protected":false},"author":2,"featured_media":22992,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3],"tags":[],"class_list":["post-22989","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news"],"featured_image_urls":{"full":["https:\/\/www.revoscience.com\/en\/wp-content\/uploads\/2022\/07\/green-hydrogen.png",765,576,false],"thumbnail":["https:\/\/www.revoscience.com\/en\/wp-content\/uploads\/2022\/07\/green-hydrogen-200x200.png",200,200,true],"medium":["https:\/\/www.revoscience.com\/en\/wp-content\/uploads\/2022\/07\/green-hydrogen-531x400.png",531,400,true],"medium_large":["https:\/\/www.revoscience.com\/en\/wp-content\/uploads\/2022\/07\/green-hydrogen.png",750,565,false],"large":["https:\/\/www.revoscience.com\/en\/wp-content\/uploads\/2022\/07\/green-hydrogen-675x508.png",675,508,true],"1536x1536":["https:\/\/www.revoscience.com\/en\/wp-content\/uploads\/2022\/07\/green-hydrogen.png",765,576,false],"2048x2048":["https:\/\/www.revoscience.com\/en\/wp-content\/uploads\/2022\/07\/green-hydrogen.png",765,576,false],"ultp_layout_landscape_large":["https:\/\/www.revoscience.com\/en\/wp-content\/uploads\/2022\/07\/green-hydrogen.png",765,576,false],"ultp_layout_landscape":["https:\/\/www.revoscience.com\/en\/wp-content\/uploads\/2022\/07\/green-hydrogen.png",757,570,false],"ultp_layout_portrait":["https:\/\/www.revoscience.com\/en\/wp-content\/uploads\/2022\/07\/green-hydrogen.png",600,452,false],"ultp_layout_square":["https:\/\/www.revoscience.com\/en\/wp-content\/uploads\/2022\/07\/green-hydrogen.png",600,452,false],"newspaper-x-single-post":["https:\/\/www.revoscience.com\/en\/wp-content\/uploads\/2022\/07\/green-hydrogen-760x490.png",760,490,true],"newspaper-x-recent-post-big":["https:\/\/www.revoscience.com\/en\/wp-content\/uploads\/2022\/07\/green-hydrogen-550x360.png",550,360,true],"newspaper-x-recent-post-list-image":["https:\/\/www.revoscience.com\/en\/wp-content\/uploads\/2022\/07\/green-hydrogen-95x65.png",95,65,true],"web-stories-poster-portrait":["https:\/\/www.revoscience.com\/en\/wp-content\/uploads\/2022\/07\/green-hydrogen.png",640,482,false],"web-stories-publisher-logo":["https:\/\/www.revoscience.com\/en\/wp-content\/uploads\/2022\/07\/green-hydrogen.png",96,72,false],"web-stories-thumbnail":["https:\/\/www.revoscience.com\/en\/wp-content\/uploads\/2022\/07\/green-hydrogen.png",150,113,false]},"author_info":{"info":["RevoScience"]},"category_info":"News<\/a>","tag_info":"News","comment_count":"0","_links":{"self":[{"href":"https:\/\/www.revoscience.com\/en\/wp-json\/wp\/v2\/posts\/22989","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.revoscience.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.revoscience.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.revoscience.com\/en\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.revoscience.com\/en\/wp-json\/wp\/v2\/comments?post=22989"}],"version-history":[{"count":0,"href":"https:\/\/www.revoscience.com\/en\/wp-json\/wp\/v2\/posts\/22989\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.revoscience.com\/en\/wp-json\/wp\/v2\/media\/22992"}],"wp:attachment":[{"href":"https:\/\/www.revoscience.com\/en\/wp-json\/wp\/v2\/media?parent=22989"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.revoscience.com\/en\/wp-json\/wp\/v2\/categories?post=22989"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.revoscience.com\/en\/wp-json\/wp\/v2\/tags?post=22989"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}