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The International Energy Network learned that the analysis report "Hydrogen Insight 2023" jointly released by the International Hydrogen Energy Council and management consulting firm McKinsey shows that with the strong growth of the global hydrogen industry, the global direct investment in hydrogen energy is expected to reach 320 billion US dollars by 2030. In addition, the "International Hydrogen Energy Technology and Industry Development Research Report 2023" issued by the Hydrogen Energy branch of the China Industry Development Promotion Association predicts that the global demand for hydrogen energy will increase to 10 times the current level in 2050, and the output value of the hydrogen energy industry chain will exceed 2.5 trillion US dollars.
At present, many countries have issued hydrogen energy development strategies to promote the decarbonization process. In March 2023, the European Commission announced plans for a European Hydrogen Bank. The U.S. Department of Energy released the U.S. National Clean Hydrogen Energy Strategy and Roadmap in June 2023. Saudi Arabia launches Green Saudi Initiative in 2021; Uae releases national hydrogen energy strategy; The Egyptian Parliament approved the Green Hydrogen Subsidy Bill; Brazil announces National Hydrogen Energy Plan (2023-2025); Uruguay launches green hydrogen sector fund; Many countries have issued hydrogen energy-related policies to promote the development of the national hydrogen industry.
It is worth noting that the International Hydrogen Technology and Industry Development Research Report 2023 predicts that the next 10 years will be the "golden development period" of the global hydrogen industry, and the global hydrogen energy demand will exceed 150 million tons by 2030. Africa's green hydrogen industry has great potential for development, and by 2050, Africa will account for 10% of the global green hydrogen market. In addition, hydrogen energy has also been implemented in the pilot application of buses, heavy trucks, construction machinery and other fields.
However, the development of the global hydrogen energy industry also faces many challenges. Deloitte estimates that the global hydrogen supply chain will require $9 trillion of investment from 2023 to 2050, of which $3.1 trillion will be needed in developing countries. In addition to the high cost, the imperfection of transportation, storage and other technologies also restricts the industrial application of hydrogen energy in the world.
China plays an important role in promoting the development of global hydrogen industry cooperation. Selwyn Hart, Special adviser to the UN Secretary-General on Climate Action, said that China will continue to play an active role in the development of green energy, such as the hydrogen industry, to help ensure that more people have access to renewable energy.
