Hydrogen. Important building block towards climate neutrality

This paper describes various methods for the production of hydrogen and estimates the respective costs. Transport and storage options are described - also with an indication of the expected costs. Additional focus is given to applications of hydrogen in various sectors of the economy, such as transport, buildings and industry. This covers the main value-clusters. Political strategies for achieving climate neutrality are increasingly directed at the global potential that can be increased with growing use of hydrogen. Examples of two types of countries are considered, demonstrating strategic focus in different directions. One direction emphasises future export opportunities resulting from increased global demand. The other places focus on the import of hydrogen as a contributor to achieving energy and climate policy goals. A number of institutions have recently presented updated projections for the longer-term development of global energy supply. These institutions include international organisations such as the World Energy Council and the International Energy Agency, consulting and services companies McKinsey, DNV and Bloomberg, and energy companies BP and Equinor. The results of these studies on the future of hydrogen in different model calculations are presented. The conclusion is that hydrogen is one of the central building blocks of different paths towards climate neutrality.