Monday, March 4, 2024

BloombergNEF calls for accelerating investment in green hydrogen projects

BAKU, Azerbaijan, February 2. To attain zero
greenhouse gas emissions by 2050, global investments in the
production and utilization of green hydrogen should amount to $3.4
trillion, Trend
reports, referring to the study of BloombergNEF’s Energy Transition
Investment Trends 2024.

In 2023, global investments in all hydrogen-related projects,
encompassing steel, transportation, fertilizer, and renewable
energy sources (RES) amounted to $30 billion, with a direct
investment of $10 billion in green hydrogen production, marking a
threefold increase from the 2022 figure.

“In 2023, only 0.3 percent progress toward the 2050 green
hydrogen goals was achieved. It is imperative to expedite hydrogen
projects as a crucial component of the energy transition,”
BloombergNEF’s experts said.

BloombergNEF stands as a prominent provider of progressive
primary research and analysis focusing on the trends propelling the
shift toward a lower-carbon economy. The organization has broadened
its research scope to encompass advanced transport, digital
industry, innovative materials, sustainability, and commodities. It
offers long-term forecasts, analytical tools, and comprehensive
global analysis across a diverse array of energy and related
industries.

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