Virtual Forum on Hydrogen Economy
According to BloombergNEF, hydrogen could meet up to 24% of the world’s energy needs by 2050. Currently, the demand for pure hydrogen is around 70 Mt per year. It is mostly used for oil refining and chemical production. This hydrogen is primarily produced from natural gas and coal, and associated CO2 emissions are significant. Hydrogen experienced a strong push in the past. Today, countries are announcing national strategies to support the hydrogen industry. Will the policies and investments today create a feasible environment for hydrogen to be part of the energy transition?
From October 26 to November 2, 2020, the International Institute for Sustainable Development’s Global Subsidies Initiative (GSI) and the China Council for International Cooperation on Environment and Development (CCICED) will co-host a series of virtual sessions on the hydrogen economy, including a high-level panel discussion at the closing, aiming at answering the following questions:
- How will hydrogen move from a niche industrial feedstock today to a means to achieve net-zero CO2 across the energy sector?
- Which countries will secure the global leadership role on hydrogen? Which feedstocks will dominate the coming decade? When will large scale international trade in hydrogen become a reality?
- How are industrial players overcoming technological risks, cost and policy uncertainty?