Navigating the Future of Hydrogen Transport
In implementing the Paris Agreement, the Nationally Determined Contributions (NDCs) are crucial benchmarks aiming for an average reduction of greenhouse gas emissions by 40% by the year 2030. To achieve these ambitious targets, countries are increasingly turning to hydrogen imports. In particular, South Korea, Japan, and Taiwan face a substantial shortfall, as their local production relying on fossil-fuel-based blue hydrogen and renewable-based green hydrogen cannot meet their energy demands, leading them to import over 80% of their hydrogen needs. Similarly, Europe and China are enhancing their domestic production of clean hydrogen but are still categorized as net importers. On the other hand, regions such as the Middle East, Australia, the USA, and South America are emerging as potential hydrogen exporters due to their abundant natural resources including renewable energy.
