Growing efforts to decarbonize through hydrogen
A market report recently published by news agency Bloomberg concludes we’re well on our way to a hydrogen revolution. I’d call it a megatrend. The report’s authors expect USD 2.5 trillion, that is, USD 2,500 billion, will pour into the hydrogen and fuel cell sector by 2050. The International Energy Agency agrees. Between 2018 and 2020, an estimated USD 1.5 billion per year went into developing the market, a figure said to climb to USD 38 billion by 2040. By 2050, investments will reportedly grow to USD 181 billion – again, per year. All these forecasts are based on targets already set by countries, global organizations and companies themselves.
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