Hydrogen Policy and Regulations by Key Countries Accelerate the Growth of Fuel Cell
Hydrogen economy is fast becoming a transformative mega trend, with policies across the globe offering growth potential for technology and consumption of renewable energy and low-carbon hydrogen
Research Overview
The Paris Accord of 2015 is a major landmark for global climate action and move toward a zero-carbon society. Understandably, this has led to a vast interest in renewable power across the globe. However, this alone is not enough to decarbonize the global community.
Hydrogen is fast becoming a key component in the transition from a petroleum economy to a low-carbon society, and governments across the globe have been active in investments in both renewable energy and hydrogen production using this renewable energy.
Another interesting aspect is the potential for hydrogen to be applied across industries, including steel manufacturing, fertilizers, heating and power for buildings, and mobility. As such, many countries have come up with a hydrogen strategy prioritizing their targets and have committed to investments running into billions over the next decade.
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