As global leaders gathered at COP 23 in Bonn this week, 18 key industry leaders that form the Hydrogen Council coalition launched the first globally quantified vision of the role of hydrogen. In addition to being a key pillar of the energy transition, hydrogen has the potential to develop $2.5-trillion of business, creating more than 30-million jobs by 2050. This is according to a study entitled Hydrogen, Scaling Up, which outlines a comprehensive and quantified roadmap to scale deployment and its enabling impact on the energy transition. Deployed at scale, hydrogen could account for almost one-fifth of total final energy consumed by 2050, says the council. This would reduce annual CO2 emissions by about six gigatons compared with today’s levels and contribute about 20% of the abatement required to limit global warming to 2C°. The council sees the potential for hydrogen to power 10-million to 15-million cars and 500,000 trucks by 2030, with many uses in other sectors as well, such a...
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