China's Pivotal Role in the Green Hydrogen Revolution
China's Dominance in Green Hydrogen
According to a recent report from the IEA, China is spearheading the production of low carbon hydrogen, now taking precedence in hydrogen equipment manufacturing. With its robust capacity to produce electrolysers, which harness renewable electricity to produce hydrogen, the nation is positioned to drive down global costs significantly.
Investment and Capacity Growth
- China accounts for over 40% of the 6.5GW electrolyser capacity approved in the past year.
- Europe’s capacity increased to 2GW, while India reached 1.3GW.
- China dominates global electrolyser manufacturing, representing 60% of capacity.
Future Outlook for Green Hydrogen Production
The total electrolyser capacity backed financially across the globe amounts to 20GW, promising a fivefold increase in hydrogen output by 2030. All this progress occurs despite high electrolyser costs and the historical reliance on fossil fuels for hydrogen production.
Policy Implications
- Governments’ hydrogen targets aim for 43 million tonnes by 2030.
- Current policies may not meet burgeoning low-emission hydrogen demand.
- Supportive policies are crucial for expanding production capacity.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.