The IEA published "The Future of Hydrogen - Seizing today’s opportunities" Report
At the request of the government of Japan under its G20 presidency, the International Energy Agency (IEA) has produced a report to analyse the current state of play for hydrogen and to offer guidance on its future development.
The in-depth study, to which also Hydrogen Europe contributed to, is being launched by Dr Fatih Birol, the IEA’s Executive Director, alongside Mr Hiroshige Seko, Japan’s Minister of Economy, Trade and Industry, on the occasion of the meeting of G20 energy and environment ministers in Karuizawa, Japan. The report – The Future of Hydrogen: Seizing Today’s Opportunities – finds that clean hydrogen is currently receiving strong support from governments and businesses around the world, with the number of policies and projects expanding rapidly.
"Beyond this report, the IEA will remain focused on hydrogen, further expanding our expertise in order to monitor progress and provide guidance on technologies, policies and market design. We will continue to work closely with governments and all other stakeholders to support your efforts to make the most out of hydrogen’s huge potential." said Dr. Fatih Birol, Executive Director at the IEA.
In the report, the IEA develops 7 key recommendations to scale up hydrogen:
- Establish a role for hydrogen in long-term energy strategies.
- Stimulate commercial demand for clean hydrogen.
- Address investment risks of first-movers.
- Support R&D to bring down costs.
- Eliminate unnecessary regulatory barriers and harmonise standards.
- Engage internationally and track progress.
- Focus on four key opportunities to further increase momentum over the next decade.
Jorgo Chatzimarkakis, Secretary General of Hydrogen Europe reports that: “we see companies, governments, international institutions developing their own hydrogen strategies and roadmaps. This G20 confirms this reality and gives the strong signal that hydrogen is a reality that is here to stay. It is indeed enjoying an unprecedented momentum but this time it is not a hype. We are looking forward to working together with regional, national, European and international stakeholders to make this energy transition happen with hydrogen playing a key role in it.”