The gridlock between investors, developers, policymakers and off-takers must be resolved to kick-start initial green hydrogen projects and to promote the development of a solid sector, according to the World Economic Forum.
In a recent paper, it states that existing market-driven factors are still not conducive for a speedy green hydrogen transition.
“A multi-faceted industrial policy is needed to facilitate the emergence of green hydrogen as a breakthrough technology in a world that is heavily locked into fossil fuel-based technologies,” it states. “Such a policy would help bridge the gap between market requirements, sustainability/climate requirements and hydrogen technology development.”
Green hydrogen industrial policy recommendations
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