Global energy trade could shrink
Green hydrogen to reshape global energy market
Decentralised production could curb global trade and end era of energy superpowers, conference speakers say
Green hydrogen will decentralise global energy supply, potentially reducing the need for international trade and diluting the influence of the established energy superpowers, according to speakers at the FT Hydrogen Summit. The ability to produce green hydrogen in multiple countries using low-cost wind and solar power will remove the need to trade large volumes between regions, as with oil and gas. “The intensity of international energy trade will be less,” said Adair Turner, chair of thinktank the Energy Transitions Commission. “But [renewable power] cost differences between regions mean there will be an arbitrage.” “The advantage of green hydrogen is that you do not need energy super
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