Dublin, Aug. 11, 2022 (GLOBE NEWSWIRE) -- The "Global Hydrogen Regulatory Frameworks and Growth Opportunities" report has been added to ResearchAndMarkets.com's offering.
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.
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.
Key Topics Covered:
Growth Opportunity Universe
Co-firing Hydrogen/Ammonia with Coal to Reduce CO2 Emissions
Blending Hydrogen into Existing NG Pipelines to Reduce CO2 Emissions
Geographic Expansion Resulting in Hydrogen as a Commodity or Service
Primary and Backup Power Source for Off-grid and Critical Infrastructures
Electricity Storage Reducing Curtailments Ratio
Combined Heat and Power (CHP) FCs for Industrial and Commercial Applications
Hydrogen as a Lifeline for Nuclear Energy
Hydrogen to Drive Renewed Interest in CCS
Mergers and Partnerships Between Key Stakeholders to Drive the Hydrogen Market
The Strategic Imperative
Why Is It Increasingly Difficult to Grow?
The Strategic Imperative
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
Growth Opportunity Analysis
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 Strategy Country Profiles
For more information about this report visit https://www.researchandmarkets.com/r/uo1pft
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