Pathways Towards a Global Market for Green and Sustainable Hydrogen
Need for Action and Policy Options
- Publication
- Citation
Görlach, Benjamin, Michael Jakob and Ramiro de la Vega (2022): Pathways Towards a Global Market for Green and Sustainable Hydrogen. Need for Action and Policy Options. Ecologic Institute, Berlin.
The transition to a climate-neutral economy requires innovative solutions, of which green hydrogen is one of the most promising. By using renewable energy to produce hydrogen, a sustainable energy source can be created that can be used in various sectors that are difficult to electrify. This approach offers a pioneering opportunity to significantly reduce CO₂ emissions while reducing dependence on fossil fuels.
Building a global green hydrogen market
The need to develop a robust and sustainable global market for green hydrogen is at the center of the discussion. The challenge is to find a balance between policy requirements and free market forces to promote an efficient and environmentally friendly hydrogen economy. Such a development requires international standards and certifications that ensure transparency and trust in the environmentally friendly production and trade of green hydrogen.
Political framework conditions as the key to success
Realizing the potential of green hydrogen depends crucially on the support of political framework conditions and international cooperation. By establishing clear guidelines and promoting research and development, the basis for a cost-efficient and environmentally friendly hydrogen market can be created. The implementation of governance structures that both promote trade and ensure compliance with environmental standards is seen as an essential step towards a sustainable energy future.