Up to $1.3trn of green hydrogen subsidies may be needed globally as potential buyers remain unwilling to pay a premium: study

That would require four times more government support than promised to date, although carbon pricing and demand-side quotas could reduce that spend, says peer-reviewed paper

Hydrogen storage tanks at Sinopec's operational Kuqa green H2 project in Xinjiang, China
Hydrogen storage tanks at Sinopec's operational Kuqa green H2 project in Xinjiang, ChinaPhoto: VCG/VCG via Getty Images
Published 15 January 2025, 07:58Updated 15 January 2025, 08:54
Potsdam Institute for Climate Impact ResearchGreen H2SubsidiesNorth AmericaAustralia