Within the newest report launched by the Excessive-level Coverage Fee on Getting Asia to Web Zero, it was revealed that Asia’s 4 largest economies may play a pivotal position in increasing the marketplace for inexperienced hydrogen (H2) electrolyzers. The report, titled “Inexperienced Hydrogen for Decarbonizing Asia’s Industrial Giants,” means that these nations—China, India, Japan, and South Korea—have the potential to generate a mixed market value $180 billion by 2050, primarily catering to key industrial functions.
The fee, convened by the Asia Society Coverage Institute, goals to speed up Asia’s transition to internet zero emissions whereas making certain continued financial development.The report highlights the essential position of inexperienced hydrogen in decarbonizing industries similar to metal, ammonia, and methanol, the place it could possibly considerably cut back emissions by changing carbon-intensive processes with renewable energy-powered electrolysis.
Underneath numerous decarbonization situations, the report initiatives substantial development available in the market potential of inexperienced hydrogen electrolyzers throughout the 4 international locations by 2050. China leads the pack with a projected market value of $85 billion, adopted by India with $78 billion, Japan with $9 billion, and South Korea with $8 billion.
In response to Ali Hasanbeigi, Founder, CEO, and Analysis Director at International Effectivity Intelligence, using inexperienced hydrogen in steelmaking and producing inexperienced ammonia and methanol is crucial for decarbonizing these key sectors. The report emphasizes the huge market potential for electrolyzers in these Asian international locations and the substantial positive aspects for many who make investments on this expertise.
Kate Logan, Affiliate Director of Local weather on the Asia Society Coverage Institute, underscores the transformative influence of formidable internet zero targets on driving demand for essential applied sciences like electrolyzers. She advised that Asia’s industrial giants may view internet zero pathways as alternatives for growth relatively than constraints.
The report’s launch occasion, held on April 12 in New Delhi, India, garnered reward from Amitabh Kant, India’s G20 Sherpa, who emphasised India’s dedication to changing into energy-independent by 2047 and reaching internet zero by 2070. He acknowledged the pivotal position of inexperienced hydrogen on this endeavor and India’s potential to turn out to be a worldwide producer of inexperienced hydrogen.
Charith Konda, Power Specialist on the Institute for Power Economics and Monetary Evaluation, highlighted India’s promising outlook within the inexperienced hydrogen market, with a projected Compound Annual Progress Fee (CAGR) of 16%. This optimistic forecast alerts to traders and policymakers the strategic significance of inexperienced hydrogen in assembly internet zero aims.
The fee, convened by the Asia Society Coverage Institute, goals to speed up Asia’s transition to internet zero emissions whereas making certain continued financial development.The report highlights the essential position of inexperienced hydrogen in decarbonizing industries similar to metal, ammonia, and methanol, the place it could possibly considerably cut back emissions by changing carbon-intensive processes with renewable energy-powered electrolysis.
Underneath numerous decarbonization situations, the report initiatives substantial development available in the market potential of inexperienced hydrogen electrolyzers throughout the 4 international locations by 2050. China leads the pack with a projected market value of $85 billion, adopted by India with $78 billion, Japan with $9 billion, and South Korea with $8 billion.
In response to Ali Hasanbeigi, Founder, CEO, and Analysis Director at International Effectivity Intelligence, using inexperienced hydrogen in steelmaking and producing inexperienced ammonia and methanol is crucial for decarbonizing these key sectors. The report emphasizes the huge market potential for electrolyzers in these Asian international locations and the substantial positive aspects for many who make investments on this expertise.
Kate Logan, Affiliate Director of Local weather on the Asia Society Coverage Institute, underscores the transformative influence of formidable internet zero targets on driving demand for essential applied sciences like electrolyzers. She advised that Asia’s industrial giants may view internet zero pathways as alternatives for growth relatively than constraints.
The report’s launch occasion, held on April 12 in New Delhi, India, garnered reward from Amitabh Kant, India’s G20 Sherpa, who emphasised India’s dedication to changing into energy-independent by 2047 and reaching internet zero by 2070. He acknowledged the pivotal position of inexperienced hydrogen on this endeavor and India’s potential to turn out to be a worldwide producer of inexperienced hydrogen.
Charith Konda, Power Specialist on the Institute for Power Economics and Monetary Evaluation, highlighted India’s promising outlook within the inexperienced hydrogen market, with a projected Compound Annual Progress Fee (CAGR) of 16%. This optimistic forecast alerts to traders and policymakers the strategic significance of inexperienced hydrogen in assembly internet zero aims.
