Carbon price would make hydrogen viable – Wood Mackenzie

Accelerating development of low-carbon hydrogen before 2030 would require carbon prices above $60/t

A US carbon price of $40-60/t would make some forms of low-carbon hydrogen commercially viable by 2030, according to consultancy Wood Mackenize. Accelerating the development of the fuel faster than that would require even stronger carbon prices—potentially as high as $150/t for green hydrogen in heavy industrial applications. But putting in place a national carbon price would be politically challenging in the US and is not an idea the Biden administration has advocated. “Support for low-carbon hydrogen may have to come from multiple sources” Wood Mackenzie This means that support for low-carbon hydrogen will have to come from various different places, according to Wood Mackenize. “Su