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Markets
Stuart Penson
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Governments must ‘synchronise’ supply and demand goals – IEA

Imbalances between supply and demand ambitions risk derailing production growth, IEA warns

The IEA has urged governments to address a growing imbalance between projected supply and demand in the hydrogen market that threatens to hamper the growth of production and the industry’s supply chains. Globally, government targets for low-emission hydrogen production call for 27–35mt/yr by 2030, but targets for creating demand account for just 14mt/yr, only half of which is focused on existing hydrogen uses, the IEA said in its Global Hydrogen Review 2023. That imbalance could hamper the progression of announced production projects to FID and impede the development of supply chains, the IEA said. “To rectify this situation, governments must clarify their ambitions with regards to demand,”

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Letter on hydrogen: Market makers
Opinion
6 December 2023
COP28 declaration aims to unleash global trade through alignment of national certification systems
Outlook 2024: Long-term innovation and cost declines will overcome short-term volatility
5 December 2023
Supply chains face short-term challenges but not fundamental barriers as clean energy technologies scale
No single solution to decarbonise aviation
1 December 2023
Aircraft of varying sizes and in varying regions are likely to use different technologies to decarbonise, making regulation challenging
Morocco rides wave of green hydrogen interest
30 November 2023
International investors are looking to exploit Morocco’s increasingly well-recognised potential to be one of the world’s top producers

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