IEA Lowers Renewables Forecast For Clean Hydrogen

Although hydrogen-dedicated renewable energy capacity is expected to increase by 45 GW between 2022 and 2028, the estimates are 35% lower than what the International Energy Agency (IEA) forecasted a year ago. Reuters reports: There is growing political momentum for low-emission hydrogen but actual implementation has been held up by uncertain demand outlooks, a lack of clarity in regulatory frameworks, and a lack of infrastructure to deliver hydrogen to end users, the IEA said in an emailed response to questions. Slow progress on real-world implementation 'is a consequence of barriers that could be expected in a sector that needs to build up new and complex value chains,' the IEA said. Uncertainties have been exacerbated by inflation and sluggish policy implementation.

Expected renewable energy capacity for hydrogen production represents just 7% of the capacity pledged for the same period and one tenth the sum of government targets for 2030, IEA said in its report. Around 75% of expected capacity is based in three countries, with China taking the lion's share, followed by Saudi Arabia and the United States, the IEA says.

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