PUBLISHER: GlobalData | PRODUCT CODE: 1229114
PUBLISHER: GlobalData | PRODUCT CODE: 1229114
Asia's need to accelerate transition strategies across sectors as a way to achieve climate global goals, have positioned hydrogen development as a major solution to accomplish the targets.
The region is positioned now as the major economy with upcoming capacity, having ambitious plans for importing green hydrogen and support green ammonia production.
Asia aims to develop a clear strategy for how to promote hydrogen use in the transportation, power, and other hard-to-abate sectors like the iron and steel industries. The use of renewable hydrogen is seen as a key lever for the decarbonisation of hard-to-decarbonise sectors.
The region is in an urgent need to accelerate transition strategies across sectors as a way to achieve climate global goals which can positioned hydrogen development as one of the solutions to accomplish the targets, still lacking of strong political support on most of the countries.
Asia is positioned now as one of the major areas looking to import great capacity of clean hydrogen and ammonia, having ambitious plans for its use across multiple sectors specially power and transportation.
Hydrogen accounts for a 20% share of the global capacity.