2/3/2024 0 Comments Atc around the world![]() 1 Assumes 35 gigatons anthropogenic emissions in 2050 in the current trajectory. The following five charts show how hydrogen could play a key role in a low-carbon future.īy 2050, clean hydrogen could help abate seven gigatons of CO 2 emissions annually, which is about 20 percent of human-driven emissions if the world remains on its current global-warming trajectory. ![]() Both investment and project development have ramped up. ![]() a recently published perspective on the state of the hydrogen industry. The momentum behind hydrogen has accelerated in the past year, as described in Hydrogen Insights 2022, 1 Hydrogen Insights 2022: An updated perspective on hydrogen market development and actions required to unlock hydrogen at scale, Hydrogen Council and McKinsey, September 2022. The reports explore, for example, how demand for hydrogen could reshape current power, gas, chemicals, and fuel markets the need for scaling hydrogen production, particularly clean hydrogen (which is made with renewables or with measures to lower emissions) and what must happen in the coming decade to reach net-zero targets. Hydrogen’s potential role in the broader energy transition is explored in a series of industry reports coauthored by McKinsey and the Hydrogen Council-a global, CEO-led initiative with members from more than 140 companies. In 2050, hydrogen could contribute more than 20 percent of annual global emissions reductions. As a complement to other technologies, including renewable power and biofuels, hydrogen has the potential to decarbonize industries including steel, petrochemicals, fertilizers, heavy-duty mobility (on and off-road), maritime shipping, and aviation, as well as to support flexible power generation (among other applications). Hydrogen could play a central role in helping the world reach net-zero emissions by 2050.
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