Mining Billionaire Spearheads Global Green Hydrogen Push
- New international body will work to progress hydrogen tech
- Group targets fuel to make up 25% of energy demand by 2050
Andrew Forrest
Photographer: Andrey Rudakov/BloombergThis article is for subscribers only.
Iron ore billionaire Andrew Forrest and former Australian Prime Minister Malcolm Turnbull will spearhead a new global body to promote greater use of hydrogen produced from renewable sources, targeting a 25% slice of the world energy market by 2050.
The Green Hydrogen Organization, to be known as GH2, was unveiled in New York Thursday to coincide with climate and energy discussions between world leaders at the United Nations. The group will seek to engage with governments to establish energy policies that stimulate demand and markets for the fuel, it said in a document.