Global Hydrogen Regulatory Frameworks and Growth Opportunities

Global Hydrogen Regulatory Frameworks and Growth Opportunities

Decarbonization of Industrial Sectors and Carbon Neutrality Goals Driving Government Investments in the Hydrogen Economy

RELEASE DATE
07-Jul-2022
REGION
Global
Research Code: MG8F-01-00-00-00
SKU: EG02240-GL-MR_26612
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Description

Our pathway toward decarbonization and achieving the 1.5° Celsius target necessitates supportive regulatory frameworks mandating energy-efficiency measures across the commercial, industrial, and residential segments. It also requires significant economic investments driving renewables and the switch to nuclear low-carbon and large-scale CCUS technologies. Interest in hydrogen as a low- or zero-carbon energy carrier has grown in recent years. Many governments acknowledge that a hydrogen-based economy could be the best alternative to the present fossil fuels-based economy and an answer to concerns over carbon emissions, energy security, and climate change.

Hydrogen helps curb carbon emissions by:
• Decarbonizing the carbon-intensive automotive, maritime, aviation, and industrial sectors
• Integrating more RES to produce hydrogen, reducing the curtailment rate
• Providing resiliency and reliability to the electric grid as an ESS and supplementing RES during low-demand periods

Though the promise of hydrogen as an essential tool in catalyzing the transition toward a sustainable energy economy is huge, its current application is mostly limited to the industrial sector. Many projects across power generation, transport, and other segments are still in their pilot stages and require technological and cost breakthroughs for increased adoption. There is still a long way to go, and it will likely take another 10 to 20 years before the hydrogen economy becomes mainstream across the global power sector and other segments.

For the hydrogen economy to become a reality, decisive government actions in four areas are necessary:
• Supporting R&D activities related to technologies involved in the production, storage, transport, and utilization of hydrogen
• Providing incentives to companies for developing the hydrogen and CCUS infrastructure
• Addressing socioeconomic barriers inhibiting the growth of the technology and mandating policies toward decarbonization
• Developing a roadmap toward a hydrogen economy

In the past five years, many countries have developed a hydrogen strategy prioritizing targets and investments running into billions over the next decade. While some nations are focused on production and export, others are making domestic and foreign investments to ensure future supply. There are also specific targets relating to production, in terms of cost or quantity, or particular areas targeted for decarbonizing, such as industries, heating, power, or mobility.

The primary aim of this research study is to analyze the policies and roadmaps implemented by various countries toward hydrogen adoption to achieve a sustainable energy future. The study also identifies growth opportunities for the hydrogen market and the countries and companies active in this space.

Author: Swagath Navin Manohar

RESEARCH: INFOGRAPHIC

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Table of Contents

Why Is It Increasingly Difficult to Grow?

The Strategic Imperative 8™

Impact of the Top 3 Strategic Imperatives on the Global Hydrogen Industry

Growth Opportunities Fuel the Growth Pipeline Engine™

Timeline of Hydrogen National Strategies

Summary of Hydrogen Policies and Regulations by Country

Summary of Hydrogen Policies and Regulations by Country (continued)

Summary of Hydrogen Policies and Regulations by Country (continued)

Summary of Hydrogen Policies and Regulations by Country (continued)

Summary of Hydrogen Policies and Regulations by Country (continued)

Research Aim

Study Coverage and Exclusions

Key Questions this Study Will Answer

5 Key Decarbonization Pillars

Hydrogen—Future Zero-carbon Energy Carrier

Government Action for Hydrogen

Hydrogen Color Spectrum and Production Pathways

Hydrogen Value Chain

Hydrogen Ecosystem

Growth Drivers

Growth Restraints

Australia

Australia (continued)

Australia—Hydrogen Strategy

Canada

Canada—Hydrogen Strategy

Canada—Hydrogen Strategy (continued)

Chile

Chile (continued)

Chile—Hydrogen Strategy

China

China—Hydrogen Strategy

China—Hydrogen Strategy (continued)

Denmark

Denmark—Hydrogen Strategy

Denmark—Hydrogen Strategy (continued)

France

France—Hydrogen Strategy

France—Hydrogen Strategy (continued)

Germany

Germany—Hydrogen Strategy

Germany—Hydrogen Strategy (continued)

India

India—Hydrogen Strategy

India—Hydrogen Strategy (continued)

Italy

Italy—Hydrogen Strategy

Italy—Hydrogen Strategy (continued)

Japan

Japan—Hydrogen Strategy

Japan—Hydrogen Strategy (continued)

Netherlands

Netherlands—Hydrogen Strategy

Netherlands—Hydrogen Strategy (continued)

Norway

Norway (continued)

Norway—Hydrogen Strategy

Saudi Arabia

Saudi Arabia—Hydrogen Strategy

Saudi Arabia—Hydrogen Strategy (continued)

South Korea

South Korea—Hydrogen Strategy

South Korea—Hydrogen Strategy (continued)

Spain

Spain—Hydrogen Strategy

Spain—Hydrogen Strategy (continued)

United Arab Emirates

United Arab Emirates—Hydrogen Strategy

United Arab Emirates—Hydrogen Strategy (continued)

United Kingdom

United Kingdom—Hydrogen Strategy

United Kingdom—Hydrogen Strategy (continued)

United States

United States—Hydrogen Strategy

United States—Hydrogen Strategy (continued)

Growth Opportunity 1—Co-firing Hydrogen/Ammonia with Coal to Reduce CO2 Emissions

Growth Opportunity 1—Co-firing Hydrogen/Ammonia with Coal to Reduce CO2 Emissions (continued)

Growth Opportunity 2—Blending Hydrogen into Existing NG Pipelines to Reduce CO2 Emissions

Growth Opportunity 2—Blending Hydrogen into Existing NG Pipelines to Reduce CO2 Emissions (continued)

Growth Opportunity 3—Geographic Expansion Resulting in Hydrogen as a Commodity or Service

Growth Opportunity 3—Geographic Expansion Resulting in Hydrogen as a Commodity or Service (continued)

Growth Opportunity 4—Primary and Backup Power Source for Off-grid and Critical Infrastructures

Growth Opportunity 4—Primary and Backup Power Source for Off-grid and Critical Infrastructures (continued)

Growth Opportunity 5—Electricity Storage Reducing Curtailments Ratio

Growth Opportunity 5—Electricity Storage Reducing Curtailments Ratio (continued)

Growth Opportunity 6—Combined Heat and Power (CHP) FCs for Industrial and Commercial Applications

Growth Opportunity 6—Combined Heat and Power (CHP) FCs for Industrial and Commercial Applications (continued)

Growth Opportunity 7—Hydrogen as a Lifeline for Nuclear Energy

Growth Opportunity 7—Hydrogen as a Lifeline for Nuclear Energy (continued)

Growth Opportunity 8—Hydrogen to Drive Renewed Interest in CCS

Growth Opportunity 8—Hydrogen to Drive Renewed Interest in CCS (continued)

Growth Opportunity 9—Mergers and Partnerships Between Key Stakeholders to Drive the Hydrogen Market

Growth Opportunity 9—Mergers and Partnerships Between Major Stakeholders to Drive the Hydrogen Market (continued)

List of Exhibits

List of Exhibits (continued)

Legal Disclaimer

Our pathway toward decarbonization and achieving the 1.5° Celsius target necessitates supportive regulatory frameworks mandating energy-efficiency measures across the commercial, industrial, and residential segments. It also requires significant economic investments driving renewables and the switch to nuclear low-carbon and large-scale CCUS technologies. Interest in hydrogen as a low- or zero-carbon energy carrier has grown in recent years. Many governments acknowledge that a hydrogen-based economy could be the best alternative to the present fossil fuels-based economy and an answer to concerns over carbon emissions, energy security, and climate change. Hydrogen helps curb carbon emissions by: • Decarbonizing the carbon-intensive automotive, maritime, aviation, and industrial sectors • Integrating more RES to produce hydrogen, reducing the curtailment rate • Providing resiliency and reliability to the electric grid as an ESS and supplementing RES during low-demand periods Though the promise of hydrogen as an essential tool in catalyzing the transition toward a sustainable energy economy is huge, its current application is mostly limited to the industrial sector. Many projects across power generation, transport, and other segments are still in their pilot stages and require technological and cost breakthroughs for increased adoption. There is still a long way to go, and it will likely take another 10 to 20 years before the hydrogen economy becomes mainstream across the global power sector and other segments. For the hydrogen economy to become a reality, decisive government actions in four areas are necessary: • Supporting R&D activities related to technologies involved in the production, storage, transport, and utilization of hydrogen • Providing incentives to companies for developing the hydrogen and CCUS infrastructure • Addressing socioeconomic barriers inhibiting the growth of the technology and mandating policies toward decarbonization • Developing a roadmap toward a hydrogen economy In the past five years, many countries have developed a hydrogen strategy prioritizing targets and investments running into billions over the next decade. While some nations are focused on production and export, others are making domestic and foreign investments to ensure future supply. There are also specific targets relating to production, in terms of cost or quantity, or particular areas targeted for decarbonizing, such as industries, heating, power, or mobility. The primary aim of this research study is to analyze the policies and roadmaps implemented by various countries toward hydrogen adoption to achieve a sustainable energy future. The study also identifies growth opportunities for the hydrogen market and the countries and companies active in this space. Author: Swagath Navin Manohar
More Information
Author Swagath Navin Manohar
Industries Energy
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WIP Number MG8F-01-00-00-00