Hydrogen could cover up to 12% of global energy use by 2050, with over 30% of the energy carrier being traded across borders, a higher share than natural gas today.
That’s according to new analysis by the International Renewable Energy Agency (IRENA), which believes the rapid growth of the global hydrogen economy could bring significant geoeconomics and geopolitical shifts giving rise to a wave of new interdependencies.
All of this is outlined in a new report titled Geopolitics of the Energy Transformation: The Hydrogen Factor, that sees hydrogen changing the geography of energy trade and regionalising energy relations.
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