Global Hydrogen Regulatory Frameworks and Growth Opportunities

Description

Decarbonization of Industrial Sectors and Carbon Neutrality Goals Driving Government Investments in the Hydrogen Economy

Our pathway toward decarbonization and achieving the 1.5° Celsius target necessitates supportive regulatory frameworks mandating energy-efficiency measures across the commercial, industrial, and residential segments. It also requires significant economic investments driving renewables and the switch to nuclear low-carbon and large-scale CCUS technologies. Interest in hydrogen as a low- or zero-carbon energy carrier has grown in recent years. Many governments acknowledge that a hydrogen-based economy could be the best alternative to the present fossil fuels-based economy and an answer to concerns over carbon emissions, energy security, and climate change.

Hydrogen helps curb carbon emissions by:

Decarbonizing the carbon-intensive automotive, maritime, aviation, and industrial sectors

Integrating more RES to produce hydrogen, reducing the curtailment rate

Providing resiliency and reliability to the electric grid as an ESS and supplementing RES during low-demand periods

Though the promise of hydrogen as an essential tool in catalyzing the transition toward a sustainable energy economy is huge, its current application is mostly limited to the industrial sector. Many projects across power generation, transport, and other segments are still in their pilot stages and require technological and cost breakthroughs for increased adoption. There is still a long way to go, and it will likely take another 10 to 20 years before the hydrogen economy becomes mainstream across the global power sector and other segments.

For the hydrogen economy to become a reality, decisive government actions in four areas are necessary:

Supporting R&D activities related to technologies involved in the production, storage, transport, and utilization of hydrogen

Providing incentives to companies for developing the hydrogen and CCUS infrastructure

Addressing socioeconomic barriers inhibiting the growth of the technology and mandating policies toward decarbonization

Developing a roadmap toward a hydrogen economy

In the past five years, many countries have developed a hydrogen strategy prioritizing targets and investments running into billions over the next decade. While some nations are focused on production and export, others are making domestic and foreign investments to ensure future supply. There are also specific targets relating to production, in terms of cost or quantity, or particular areas targeted for decarbonizing, such as industries, heating, power, or mobility.

The primary aim of this research study is to analyze the policies and roadmaps implemented by various countries toward hydrogen adoption to achieve a sustainable energy future. The study also identifies growth opportunities for the hydrogen market and the countries and companies active in this space.

Product Code: MG8F-27

The Strategic Imperative

Why Is It Increasingly Difficult to Grow?
The Strategic Imperative 8™
Impact of the Top 3 Strategic Imperatives on the Global Hydrogen Industry
Growth Opportunities Fuel the Growth Pipeline Engine™

Growth Environment and Scope

Timeline of Hydrogen National Strategies
Summary of Hydrogen Policies and Regulations by Country
Summary of Hydrogen Policies and Regulations by Country (continued)
Summary of Hydrogen Policies and Regulations by Country (continued)
Summary of Hydrogen Policies and Regulations by Country (continued)
Summary of Hydrogen Policies and Regulations by Country (continued)

Growth Opportunity Analysis

Research Aim
Study Coverage and Exclusions
Key Questions this Study Will Answer
5 Key Decarbonization Pillars
Hydrogen-Future Zero-carbon Energy Carrier
Government Action for Hydrogen
Hydrogen Color Spectrum and Production Pathways
Hydrogen Value Chain
Hydrogen Ecosystem
Growth Drivers
Growth Restraints

Country Profile-Australia

Australia
Australia (continued)
Australia-Hydrogen Strategy

Country Profile-Canada

Canada
Canada-Hydrogen Strategy
Canada-Hydrogen Strategy (continued)

Country Profile-Chile

Chile
Chile (continued)
Chile-Hydrogen Strategy

Country Profile-China

China
China-Hydrogen Strategy
China-Hydrogen Strategy (continued)

Country Profile-Denmark

Denmark
Denmark-Hydrogen Strategy
Denmark-Hydrogen Strategy (continued)

Country Profile-France

France
France-Hydrogen Strategy
France-Hydrogen Strategy (continued)

Country Profile-Germany

Germany
Germany-Hydrogen Strategy
Germany-Hydrogen Strategy (continued)

Country Profile-India

India
India-Hydrogen Strategy
India-Hydrogen Strategy (continued)

Country Profile-Italy

Italy
Italy-Hydrogen Strategy
Italy-Hydrogen Strategy (continued)

Country Profile-Japan

Japan
Japan-Hydrogen Strategy
Japan-Hydrogen Strategy (continued)

Country Profile-Netherlands

Netherlands
Netherlands-Hydrogen Strategy
Netherlands-Hydrogen Strategy (continued)

Country Profile-Norway

Norway
Norway (continued)
Norway-Hydrogen Strategy

Country Profile-Saudi Arabia

Saudi Arabia
Saudi Arabia-Hydrogen Strategy
Saudi Arabia-Hydrogen Strategy (continued)

Country Profile-South Korea

South Korea
South Korea-Hydrogen Strategy
South Korea-Hydrogen Strategy (continued)

Country Profile-Spain

Spain
Spain-Hydrogen Strategy
Spain-Hydrogen Strategy (continued)

Country Profile-UAE

United Arab Emirates
United Arab Emirates-Hydrogen Strategy
United Arab Emirates-Hydrogen Strategy (continued)

Country Profile-United Kingdom

United Kingdom
United Kingdom-Hydrogen Strategy
United Kingdom-Hydrogen Strategy (continued)

Country Profiles-United States

United States
United States-Hydrogen Strategy
United States-Hydrogen Strategy (continued)

Growth Opportunity Universe

Growth Opportunity 1-Co-firing Hydrogen/Ammonia with Coal to Reduce CO2 Emissions
Growth Opportunity 1-Co-firing Hydrogen/Ammonia with Coal to Reduce CO2 Emissions (continued)
Growth Opportunity 2-Blending Hydrogen into Existing NG Pipelines to Reduce CO2 Emissions
Growth Opportunity 2-Blending Hydrogen into Existing NG Pipelines to Reduce CO2 Emissions (continued)
Growth Opportunity 3-Geographic Expansion Resulting in Hydrogen as a Commodity or Service
Growth Opportunity 3-Geographic Expansion Resulting in Hydrogen as a Commodity or Service (continued)
Growth Opportunity 4-Primary and Backup Power Source for Off-grid and Critical Infrastructures
Growth Opportunity 4-Primary and Backup Power Source for Off-grid and Critical Infrastructures (continued)
Growth Opportunity 5-Electricity Storage Reducing Curtailments Ratio
Growth Opportunity 5-Electricity Storage Reducing Curtailments Ratio (continued)
Growth Opportunity 6-Combined Heat and Power (CHP) FCs for Industrial and Commercial Applications
Growth Opportunity 6-Combined Heat and Power (CHP) FCs for Industrial and Commercial Applications (continued)
Growth Opportunity 7-Hydrogen as a Lifeline for Nuclear Energy
Growth Opportunity 7-Hydrogen as a Lifeline for Nuclear Energy (continued)
Growth Opportunity 8-Hydrogen to Drive Renewed Interest in CCS
Growth Opportunity 8-Hydrogen to Drive Renewed Interest in CCS (continued)
Growth Opportunity 9-Mergers and Partnerships Between Key Stakeholders to Drive the Hydrogen Market
Growth Opportunity 9-Mergers and Partnerships Between Major Stakeholders to Drive the Hydrogen Market (continued)
List of Exhibits
List of Exhibits (continued)
Legal Disclaimer