Highlights 2030 hydrogen demand 120 mil mt with govt pledges Over 200 mil mt needed by 2030 for net-zero pathway Massive additional renewables needed: Platts Analytics More ambitious and concrete hydrogen policy efforts are needed from governments across Europe and beyond to bridge a wide gap between the current market trajectory and the projects needed to meet net-zero targets, the International Energy Agency said at the S&P Global Platts Hydrogen Markets Europe Conference Nov. 26. Under the IEA’s net-zero scenario, hydrogen demand of around 90 million mt/year in 2020 would roughly double by 2030, with a sixfold increase by 2050, the IEA’s energy technology analyst for hydrogen and alternative fuels Jose Bermudez said. However, under current trends, the IEA expects the market to reach just 105 million mt/year by 2030, with most growth limited to […]