Final investment decisions for hydrogen projects have doubled over the last 12 months, dominated by China, but installed capacity and demand are low as the...
PARIS - Final investment decisions for hydrogen projects have doubled over the last 12 months , dominated by China , but installed capacity and demand are low as the industry faces uncertainty, the International Energy Agency said in a report on Wednesday.
Demand targets, however, are only just over a quarter of the production projects, and progress made so far in the hydrogen sector is not sufficient to meet climate goals, the IEA added. "Policymakers and developers must look carefully at the tools for supporting demand creation while also reducing costs and ensuring clear regulations are in place that will support further investment in the sector," said IEA Executive Director Fatih Birol.
Demand is currently largely covered by hydrogen produced by unabated fossil fuels, with low emissions hydrogen still only playing only a marginal role, it added.
Investment Decisions Hydrogen Production Installed Capacity Hydrogen Projects China 12 Months
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