The report \u2013 The Future of Hydrogen: Seizing Today\u2019s Opportunities, also puts \u2018launch[ing] the hydrogen trade\u2019s first international shipping routes\u2019 amongst the top four priorities which can help lay the foundations for the growth of a global clean hydrogen industry.<\/p>\n
It notes that there are significant challenges ahead. At present, most hydrogen comes from natural gas and coal: \u2018green\u2019 hydrogen from low-carbon energy is currently costly, infrastructure development is slow and the underpinning regulations need work \u2013 in some cases substantial revision – to support uptake.<\/p>\n
However, the report also outlines the opportunities, including the capture and reuse of the CO2 from fossil-fuel hydrogen production, and building on existing infrastructure, such as natural gas pipelines. There\u2019s also the possibility of creating hydrogen from renewable sources, something that\u2019s already being explored by a number of wind energy producers.<\/p>\n
Most importantly for the maritime industry, it asks that authorities address the investment risks of first-movers, recognising that \u2018new applications for hydrogen, as well as clean hydrogen supply and infrastructure projects, stand at the riskiest point of the deployment curve\u2019.<\/p>\n
So, has hydrogen\u2019s time finally come \u2013 or will the attention once more fizzle out? The fuel is currently \u201cenjoying unprecedented momentum,\u201d said Jorgo Chatzimarkakis, secretary general of Hydrogen Europe, and while he admitted it has been the focus of a media bubble before, he underlined this time \u201cwe see companies, governments, international institutions developing their own hydrogen strategies and roadmaps\u201d.<\/p>\n
\u201cThe G20 report gives the strong signal that hydrogen is a reality that is here to stay… This time it is not hype,” concluded Mr Chatzimarkakis.<\/p>\n
By Stevie Knight<\/p>\n","protected":false},"excerpt":{"rendered":"
A new Institute of Economic Affairs (IEA) report has come out \u201cin favour of hydrogen as a fuel… and emphasises that industrial centres, including the ports themselves, will be at the centre of the transition\u201d, says Alex Floristean of Hydrogen Europe.<\/p>\n","protected":false},"author":8,"featured_media":612,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[16],"tags":[],"sponsor":[],"class_list":["post-611","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-terminal-operations"],"acf":[],"_links":{"self":[{"href":"https:\/\/www.portstrategy.com\/coastlink\/wp-json\/wp\/v2\/posts\/611","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.portstrategy.com\/coastlink\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.portstrategy.com\/coastlink\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.portstrategy.com\/coastlink\/wp-json\/wp\/v2\/users\/8"}],"replies":[{"embeddable":true,"href":"https:\/\/www.portstrategy.com\/coastlink\/wp-json\/wp\/v2\/comments?post=611"}],"version-history":[{"count":1,"href":"https:\/\/www.portstrategy.com\/coastlink\/wp-json\/wp\/v2\/posts\/611\/revisions"}],"predecessor-version":[{"id":613,"href":"https:\/\/www.portstrategy.com\/coastlink\/wp-json\/wp\/v2\/posts\/611\/revisions\/613"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.portstrategy.com\/coastlink\/wp-json\/wp\/v2\/media\/612"}],"wp:attachment":[{"href":"https:\/\/www.portstrategy.com\/coastlink\/wp-json\/wp\/v2\/media?parent=611"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.portstrategy.com\/coastlink\/wp-json\/wp\/v2\/categories?post=611"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.portstrategy.com\/coastlink\/wp-json\/wp\/v2\/tags?post=611"},{"taxonomy":"sponsor","embeddable":true,"href":"https:\/\/www.portstrategy.com\/coastlink\/wp-json\/wp\/v2\/sponsor?post=611"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}