Hydrogen has the potential to play a significant role in long-term decarbonisation. It has the unique ability to store and transport large amounts of energy, making it a versatile and promising option. One of the critical benefits of hydrogen is its ability to be used in hard-to-abate sectors. However, clean hydrogen production and infrastructure require huge investments until 2050. Only US$22 billion final investment decision (FID) commitments towards 2030 exist, with most of the FID projects directed towards clean ammonia production. Amid a prolonged energy crisis, the G20 must take concrete steps to overcome this challenge by establishing market certainty and strengthening international collaboration. This policy brief focuses on how contribution and collaboration by the G20 countries can develop and deploy clean hydrogen technologies to achieve the net-zero emissions goal. Further, this policy brief provides the framework to encourage low-carbon hydrogen and ammonia dissemination.
Register for Updates
Would you like to receive updates on the Global Solutions Initiative, upcoming events, G7 and G20-related developments and the future of multilateralism? Then subscribe here!
1 You hereby agree that the personal data provided may be used for the purpose of updates on the Global Solutions Initiative by the Global Solutions Initiative Foundation gemeinnützige GmbH. Your consent is revocable at any time (by e-mail to [email protected] or to the contact data given in the imprint). The update is sent in accordance with the privacy policy and to advertise the Global Solutions Initiative’s own products and services.