Hydrogen is in the spotlight as the energy transition moves at pace. DNV GL’s recently launched Heading for Hydrogen report suggests a more certain future for hydrogen, and that the time is right to begin scaling the hydrogen economy.
Societies globally are aligning on the need to act faster to fight climate change. Over the past few years, nations including Germany, France and the UK have committed to net zero targets for carbon dioxide (CO2) emissions, and major oil and gas companies have committed to reducing or eliminating their emissions.
As many oil and gas organisations bolster decarbonisation efforts and strategies to build or acquire clean-energy businesses, investment in hydrogen has surged up the priority list. About half of the 1,000 senior oil and gas professionals we surveyed (52%) expect the planet’s most abundant gas to form a significant part of the energy mix within just 10 years.
If they are right, there will need to be coordination of many organisations and governments that addresses key dependencies and balances a number of short and long-term priorities.
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