IEA Pushes for More Hydrogen Investments to Reach Net-zero Target

Currently, 17 governments have hydrogen strategies, and more than 20 others have announced they are developing plans, up from three countries in 2019, the IEA said.

Reuters

Governments need to step up investment in hydrogen production and storage chains to help cut net emissions to zero, the International Energy Agency (IEA) said on Oct. 4.

States and private investors had so far only come up with about a quarter of the $1,200 billion needed by 2030 to develop and deploy hydrogen and make it part of global net zero strategies, the Paris-based organization said.

Efforts should be directed on getting hydrogen into more sectors and developing technologies to make it cheaper to produce with renewables, its report added.

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