Demand for low-carbon hydrogen — which includes green hydrogen — could be as high as 530 million tonnes by 2050, said energy consultancy Wood Mackenzie.
Goldman expects net zero investment to hit $6 trillion annually — and has some stock picks to cash in
"I think companies and countries have mastered the on-site production, but I think when it comes to the logistical challenge, it could be anyone's game," he said. Australia has an edge in exporting green hydrogen to Northeast Asia given its existing trading relationship with the region, said Sharma. The country is already a major exporter of various natural resources and minerals, and has vast potential for renewable energy, he added.Demand for low-carbon hydrogen could rise six-fold to as high as 530 million tonnes by 2050 — if countries keep global warming within 1.5 degrees Celsius above pre-industrial levels, said Wood Mackenzie.
Almost 150 million tonnes of that low-carbon hydrogen demand could be shipped via sea, said the consultancy. Northeast Asia could account for about 55% of that seaborne hydrogen trade, while Europe could make up 16%, it projected.
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