Objective factors and policies of countries affecting hydrogen market development

Abstract

By 2050, blue hydrogen (produced by SMR method using CCS technology to capture CO2) will make up about 18% of hydrogen supply, whilst green hydrogen from solar power will account for 16%, from onshore wind power 16% and offshore wind power 9%. Global hydrogen demand is forecasted to increase to about 150 million tons by 2040 [1]. The article analyses the objective factors (i.e. size and structure of the economy, technological and social barriers) and policies of countries that affect hydrogen market development.