US, Europe and China to Dominate Hydrogen Supply, BNEF Says
- Projects in the three markets to make up 80% of production
- Strong policy support, ambitious growth goals to spur supply
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The US, Europe and China will dominate global supply of low-carbon hydrogen by the end of the decade, driven by strong regulatory support and ambitious growth targets, according to BloombergNEF.
By 2030, the three markets will account for 80% of global output of clean hydrogen, the production of which reduces or captures greenhouse gas emissions. Annual supply is expected to jump 30-fold to 16.4 million tons, BNEF said in its Hydrogen Supply Outlook.