Global Hydrogen Regulatory & Policy Frameworks

Global Hydrogen Regulatory & Policy Frameworks

Policies across the globe offer growth potential for technology and consumption of renewable energy and low-carbon hydrogen

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

$3,950.00

Special Price $3,555.00 save 10 %

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SKU
EG02240-GL-MR_26612

$3,950.00

$3,555.00 save 10 %

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Description

Our pathway towards decarbonization and achieving the 1.5° Celsius target will require supportive regulatory frameworks mandating energy-efficiency measures across the commercial, industrial, and residential segments and 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 increased significantly in recent years, and many governments acknowledge the fact that a hydrogen-based economy could be the best alternative to our present fossil fuels-based economy and an answer to our growing concerns over carbon emissions, energy security, and climate change. Hydrogen can help curb carbon emissions by: • Decarbonizing the carbon-intensive automotive, maritime, aviation, and industrial sectors • Integrating more RES to produce hydrogen, thereby reducing the curtailment rate • Providing resiliency and reliability to the electric grid as an ESS and supplementing RES during low demand periods Though the promises associated with hydrogen—as an essential tool in catalyzing the transition towards a sustainable energy economy—are huge, its current application is mainly in the industrial sector. Much of the projects across power generation, transport, and other segments are still in their pilot stages, and technological and cost breakthroughs are needed for increased adoption. There is still a long road to travel, and it will take 10-20 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 are required in 4 areas: o Supporting R&D activities related to technologies involved in the production, storage, transport, and utilization of hydrogen o Providing incentives to companies for developing the hydrogen and CCUS infrastructure o Addressing socio-economic barriers inhibiting the growth of the technology and mandating policies toward decarbonization o Developing a roadmap toward a hydrogen economy Over the last five years, many countries have developed a hydrogen strategy prioritizing their targets and have committed to investments running into billions over the next decade. While some countries have prioritized production and export, others have made 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 policies and roadmaps implemented by countries across the globe toward the adoption of hydrogen to achieve a sustainable energy future. The study also identifies growth opportunities for the hydrogen market and some key countries and companies active in this space.

Our pathway towards decarbonization and achieving the 1.5° Celsius target will require supportive regulatory frameworks mandating energy-efficiency measures across the commercial, industrial, and residential segments and 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 increased significantly in recent years, and many governments acknowledge the fact that a hydrogen-based economy could be the best alternative to our present fossil fuels-based economy and an answer to our growing concerns over carbon emissions, energy security, and climate change. Hydrogen can help curb carbon emissions by: • Decarbonizing the carbon-intensive automotive, maritime, aviation, and industrial sectors • Integrating more RES to produce hydrogen, thereby reducing the curtailment rate • Providing resiliency and reliability to the electric grid as an ESS and supplementing RES during low demand periods Though the promises associated with hydrogen—as an essential tool in catalyzing the transition towards a sustainable energy economy—are huge, its current application is mainly in the industrial sector. Much of the projects across power generation, transport, and other segments are still in their pilot stages, and technological and cost breakthroughs are needed for increased adoption. There is still a long road to travel, and it will take 10-20 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 are required in 4 areas: o Supporting R&D activities related to technologies involved in the production, storage, transport, and utilization of hydrogen o Providing incentives to companies for developing the hydrogen and CCUS infrastructure o Addressing socio-economic barriers inhibiting the growth of the technology and mandating policies toward decarbonization o Developing a roadmap toward a hydrogen economy Over the last five years, many countries have developed a hydrogen strategy prioritizing their targets and have committed to investments running into billions over the next decade. While some countries have prioritized production and export, others have made 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 policies and roadmaps implemented by countries across the globe toward the adoption of hydrogen to achieve a sustainable energy future. The study also identifies growth opportunities for the hydrogen market and some key countries and companies active in this space.
More Information
Industries Energy
No Index No
Is Prebook Yes
Podcast No
WIP Number MG8F-01-00-00-00