A joint report by the IRENA and WTO provides insights on global hydrogen trade and related policies for scaling up production. Green hydrogen is widely recognised as a key pillar in replacing fossil fuels and decarbonizing sectors that cannot easily be electrified, such as some industrial processes, shipping and aviation.
Over the last few years, green hydrogen has been championed as the fuel of the future, thanks to its reputation as a clean, storable and portable energy source.
The eighth meeting of the Collaborative Framework on Green Hydrogen addressed the barriers stakeholders face when entering and building up supply chains.
Green hydrogen emerges as key complement to make the most of the massive renewable production.
International standards help to align expectations between producers and consumers in different countries for green hydrogen and its derivative commodities in the global energy, and the use of and adherence to standards can also de-risk investments by enhancing the credibility of project plans.
Green hydrogen has received increasing attention across the energy sector in recent years, given its capability to decarbonise ‘hard to abate’ sectors and provide seasonal storage for power grids rich in variable renewable energy.
Green hydrogen offers Global South countries transformative opportunities for green industrialisation, energy independence, and economic diversification by leveraging their abundant renewable resources to become major exporters in emerging international clean energy markets supporting global decarbonisation.
The time is right to tap into hydrogen’s potential to play a key role in tackling critical energy challenges. The recent successes of renewable energy technologies and electric vehicles have shown that policy and technology innovation have the power to build global clean energy industries. Green hydrogen could be a critical enabler of the global transition to sustainable energy and net zero emissions economies. We asked Dr Emanuele Taibi, Head of the Power Sector Transformation Strategies, International Renewable Energy Agency (IRENA) to explain what green hydrogen is and how it could pave the way towards net zero emissions.
As U.S regulators and industry leaders mull how to consider introducing hydrogen into the nation’s energy supply mix, they’re faced with a choice that sounds more like a decision pondered by the hosts of one of TV’s many home fixer-upper shows – should they go with blue hydrogen or green hydrogen, and what combination of the two will create the right mix? Green hydrogen is two to three times more expensive than blue hydrogen, according to a December 2020 report by the International Renewable Energy Agency.
"Green hydrogen" refers to hydrogen produced by electrolyzing water with the power of renewable energy such as wind power and sunlight. Francesco La Camera, Director-General of the International Renewable Energy Agency (IRENA), insisted at an online seminar titled "Competition for Net Zero" on November 16th last year.
Morocco and the International Renewable Energy Agency (IRENA) will collaborate to advance the country's renewable hydrogen economy and accelerate the uptake of renewable energy as it seeks to become a major green hydrogen producer and exporter, IRENA said June 14.
The development of green hydrogen trade between countries is reliant on an international guarantees of origin scheme agreed by all key proponents, intergovernmental organization the International Renewable Energy Agency (IRENA) said March 9. As countries such as Chile, Australia, Canada and Norway develop large electrolysis capacity, they will look to export surplus green hydrogen, IRENA Associate Programme Officer Emanuele Bianco said, while potential importers include Germany, Japan and South Korea.
Oman said it plans to build one of the world’s largest green hydrogen plants, as Middle Eastern states step up efforts to produce a fuel seen as crucial to the clean energy transition. The facility would require transforming the sultanate from a clean energy minnow to one of the biggest in the region. It currently has just 159 megawatts of installed renewables capacity, according to the International Renewable Energy Agency.
It is one of the biggest use cases for hydrogen and could be a boon for renewable energy demand. But greening ammonia, the chemical primarily used to make fertilizer, will take a lot of heavy lifting. Green ammonia is two to three times more expensive than gray ammonia, according to the International Renewable Energy Agency.
Australian mining billionaire Andrew Forrest is planning what could be up to an $8.4 billion "green hydrogen" investment in Argentina, the South American country's government said on Monday after a meeting between the businessman and President Alberto Fernandez. The International Renewable Energy Agency has forecast rapid growth in coming years.
With a vision to make India an energy-independent nation, and to de-carbonise critical sectors, the government approved the National Green Hydrogen Mission on January 4, 2023 with an initial outlay of Rs 19,744 crore. The mission will facilitate demand creation, production, utilisation and export of green hydrogen and mobilisation of over Rs 8 lakh crore of investments by 2030.
Hydrogen produced with renewable electricity could compete on costs with fossil fuels by 2030 if solar and wind power costs continue falling and economies of scale reduce costs for electrolyzers, according to a Dec. 17 report. The report called "Green Hydrogen Cost Reduction: Scaling up Electrolyzers to Meet the 1.5⁰C Climate Goal," prepared by UAE-based International Renewable Energy Agency (IRENA), considers innovation drivers and offers strategies that governments can use to reduce the cost of electrolyzers by 40% in the short term and by up to 80% in the long term, according to an emailed statement.
Hydrogen produced with renewable electricity could compete on costs with fossil fuels by 2030 if solar and wind power costs continue falling and economies of scale reduce costs for electrolyzers, according to a Dec. 17 report. The report called "Green Hydrogen Cost Reduction: Scaling up Electrolyzers to Meet the 1.5⁰C Climate Goal," prepared by UAE-based International Renewable Energy Agency (IRENA), considers innovation drivers and offers strategies that governments can use to reduce the cost of electrolyzers by 40% in the short term and by up to 80% in the long term, according to an emailed statement.
Recent international headlines have been declaring the potential of hydrogen to solve some of the key issues that limit the development of renewable energy (RE) and the goal of decarbonisation of emissions. Currently green hydrogen production costs are still extremely high, but have dropped dramatically from $10 to $15 per kg in 2010 to $4 to $6 per kg in this year, according to UAE-based International Renewable Energy Agency (IRENA), and are expected to fall even further to $2 to $2.6 per kg in 2030 which is competitive with standard hydrogen production.
Wind and solar power are the main focus in the fight against climate change, but there are sources of greenhouse gases they can’t clean up. Reference: Reports from the International Renewable Energy Agency on the outlook for hydrogen technologies and on fuel cells’ global market.
China, the world’s largest emitter of greenhouse gases, is also the largest producer of coal power, steel, ammonia, cars and ships. Green hydrogen can greatly reduce emissions from their manufacture and consumption.
Ready-to-scale electrolysis technology and favorable market conditions are poised to accelerate the green hydrogen industry.
BP’s acquisition of a stake and lead role in a $36 billion green hydrogen development in Western Australia is casting a spotlight on a slew of ambitious projects around the world that are promising to deliver massive amounts of the clean fuel. Here are some of the projects being proposed. The capacity figures for the two Australian and the Oman hubs are from the International Renewable Energy Agency, while the others are from the company’s themselves.
Hydrogen and its derivatives could cover up to 12% of global energy demand and account for 10% of reductions in carbon emissions by 2050, according to the International Renewable Energy Agency (IRENA), although other estimates are lower. “Green hydrogen can be a game changer for the energy transition,” said Francesco La Camera, IRENA’s director-general, noting the fuel’s particular advantage in hard-to-electrify sectors such as transportation and heavy industry.
Fuel-cell maker will invest roughly $315 million in a plant in Belgium as it steps up production of fuel made using renewable energy. Fossil fuels power most manufacturing of hydrogen today, which in turn is often used in oil-and-gas production and refining. Around 95% of the world’s hydrogen came from fossil fuels in 2019, according to the International Renewable Energy Agency. But if hydrogen comes from renewable energy, it produces zero greenhouse-gas emissions.