Global Hydrogen Flows | 2023 Update
Trade reduces the cost of carbon abatement, when compared to a scenario where global trade is limited. Indeed, the need to produce higher cost hydrogen (with trade being limited) would result in total investment requirements of $12 trillion, by 2050.
By contrast, in a scenario in which international hydrogen trade can develop, total hydrogen-related investments would amount to approximately $8 trillion by 2050, representing a $4 trillion cost savings.
To facilitate long-distance transportation of hydrogen and derivatives, around $70 billion investments would be required per year in transport, conversion, and reconversion.
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