Hydrogen could minister to 20% of CO2 emissions rebate targets by 2050

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The Hydrogen Council reveals first-of-a kind investigate display hydrogen’s grant as a pivotal post of a appetite transition

Bonn, Germany―13 Nov 2017: As tellurian leaders collected during COP 23 in Bonn, 18 pivotal leaders in their attention verticals, joined in a Hydrogen Council coalition, came together to launch initial ever globally quantified prophesy of a purpose of hydrogen, grown with support from McKinsey. In further to being a pivotal post in of a appetite transition, a investigate shows that hydrogen has a intensity to rise US$2.5 tn of business, formulating some-more than 30 million jobs by 2050.

Taking a Hydrogen Council’s prophesy for hydrogen to a subsequent level, a investigate entitled Hydrogen, Scaling adult outlines a extensive and quantified roadmap to scale deployment and a enabling impact on a appetite transition.

Deployed during scale, hydrogen could comment for roughly one-fifth of sum final appetite consumed by 2050. This would revoke annual CO2 emissions by roughly 6 gigatons compared to today’s levels, and minister roughly 20% of a decrease compulsory to extent tellurian warming to dual degrees Celsius.

On a direct side, a Hydrogen Council sees a intensity for hydrogen to appetite about 10 to 15 million cars and 500,000 trucks by 2030, with many uses in other sectors as well, such as attention processes and feedstocks, building heating and power, appetite era and storage. Overall, a investigate predicts that a annual direct for hydrogen could boost tenfold by 2050 to roughly 80 EJ in 2050 assembly 18% of sum final appetite direct in a 2050 two-degree scenario. At a time when tellurian populations are approaching to grow by dual billion people by 2050, hydrogen technologies have a intensity to emanate opportunities for tolerable mercantile growth.

“The universe in a 21st century contingency transition to widespread low CO appetite use,” pronounced Takeshi Uchiyamada, Chairman of Toyota Motor Corporation and co-chair of a Hydrogen Council. “Hydrogen is an indispensable apparatus to grasp this transition since it can be used to store and ride wind, solar and other renewable electricity to appetite travel and many other things. The Hydrogen Council has identified 7 roles for hydrogen, that is because we are enlivening governments and investors to give it a distinguished purpose in their appetite plans. The earlier we get a hydrogen economy going, a better, and we are all committed to creation this a reality.”

Achieving such scale would need estimable investments; approximately US$20 to 25 billion annually for a sum of about US$280 billion until 2030. Within a right regulatory framework―including long-term, fast coordination and inducement policies―the news considers that attracting these investments to scale a record is feasible. The universe already invests some-more than US$1.7 trillion in appetite any year, including US$650 billion in oil and gas, US$300 billion in renewable electricity, and some-more than US$300 billion in a automotive industry.

“This investigate confirms a place of hydrogen as a executive post in a appetite transition, and encourages us in a support of a large-scale deployment. Hydrogen will be an destined enabler for a appetite transition in certain sectors and geographies. The earlier we make this occur a earlier we will be means to suffer a indispensable advantages of Hydrogen during a use of a economies and a societies,” pronounced Benoît Potier, Chairman and CEO, Air Liquide. “Solutions are technologically mature and attention players are committed. We need accordant stakeholder efforts to make this happen; heading this bid is a purpose of a Hydrogen Council.”

The launch of a new roadmap came during a Sustainability Innovation Forum in a participation of 18 comparison members of a Hydrogen led by co-chairs Takeshi Uchiyamada, Chairman of Toyota and Benoît Potier, Chairman and CEO, Air Liquide and accompanied by Prof. Aldo Belloni, CEO of The Linde Group, Woong-chul Yang, Vice Chairman of Hyundai Motor Company and Anne Stevens, Board Member of Anglo American. During a launch, a Hydrogen Council called on investors, policymakers, and businesses to join them in accelerating deployment of hydrogen solutions for a appetite transition. It was also announced that Woong-chul Yang of Hyundai Motor Company will attain Takeshi Uchiyamada of Toyota in a rotating purpose of a Council’s co-chair and regulate a organisation together with Benoit Potier, CEO Air Liquide, in 2018. Mr. Uchiyamada is formulation to lapse as Co-chairman in 2020, coinciding with a Tokyo Olympic and Paralympic Games, an critical miracle for showcasing hydrogen multitude and mobility.

hydrogen scaling up

Hydrogen, scaling up

About a Hydrogen Council

Launched during a World Economic Forum in Davos in early 2017, a Hydrogen Council is a first-of-its-kind tellurian CEO beginning to encourage a purpose of hydrogen technologies in a tellurian appetite transition. Current members embody 18 heading multinationals―Air Liquide, Alstom, Anglo American, Audi, BMW GROUP, Daimler, ENGIE, General Motors, Honda, Hyundai Motor, Iwatani, Kawasaki, Plastic Omnium, Royal Dutch Shell, Statoil, The Linde Group, Total, and Toyota―as good as 10 energetic players from opposite a value chain―Ballard, Faber Industries, Faurecia, First Element Fuel (True Zero), Gore, Hydrogenics, Mitsubishi Corporation, Mitsui Co, Plug Power, and Toyota Tsusho. The bloc collectively represents sum revenues of over € 1.5 trillion and some-more than 2 million jobs around a world.2 To find out more: www.hydrogencouncil.com.

About Hydrogen Council meetings at COP 23

The Council will accumulate during COP 23 to interpretation a initial year of a activity. While in Bonn on 13-14 Nov 2017, CEOs and other comparison member will attend in a operation of high-level roundtables, interactions with policy-makers as good as a media and a broader stakeholder community. The Hydrogen Council is led by dual Co-Chairs from opposite geographies and sectors, inaugurated by Steering Members for a two-year term, any year one of a dual Co-chair mandates is renewed for continuity.

About Hydrogen

Hydrogen is a versatile, clean, and protected appetite conduit that can be used as fuel for appetite or in attention as feedstock. Generating 0 emissions during indicate of use, it can be constructed from (renewable) electricity and from carbon-abated hoary fuels, thereby achieving totally zero-emission pathways. The uses for hydrogen continue to grow as it can be stored and ecstatic during high appetite firmness in glass or gaseous form and can be combusted or used in fuel cells to beget feverishness and electricity. This flexibility confers to hydrogen a pivotal enabling purpose all together in a transport, a attention and a residential sectors, as good as for a large-scale storage of renewable energies, creation it a earnest resolution to overcome a hurdles of a appetite transition.

1Hydrogen Council; IEA ETP Hydrogen and Fuel Cells CBS; National Energy Outlook 2016

2Company total from financial years 2015 and 2016.

Source: Toyota

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