An investment shortfall and government inaction are stymying the growth of green hydrogen globally, potentially creating a shortfall by 2030.
That is the key finding of a new report published by the Institute for Energy Economics and Financial Analysis (IEEFA), which has claimed the green hydrogen industry needs to significantly increase its pace in order to meet demand.
IEEFA’s Yong Por, author of the ‘Great Expectations’ report, analysed the announcement of 50 new projects announced over the course of the last year to conclude that Europe, Australia and Asia were leading the hydrogen charge, backing the majority of new green hydrogen projects that have emerged.
