Using projections from Deloitte Economics Institute’s Hydrogen Pathway Explorer (HyPE) model, Deloitte has released a report which offers a comprehensive analysis of the development of renewable hydrogen to energize the global economy toward net-zero by 2050. The development of green hydrogen is a key element in the transition pathway from a high-emissions intensive energy system to a net-zero economy by 2050.
The significance of Deloitte’s analysis—a US$1.4 trillion market by 2050 in which green hydrogen comprises some 85% of the hydrogen market, with 20% traded around the world—is twofold: first, this trade is critical to the lowest-cost decarbonization of the world economy; second, the production and export of green hydrogen can offer a global sustainable development realignment for developing and emerging economies across Africa, Latin America, and the Pacific, alongside countries such as Australia and the United States and regions such as the Gulf States.
Access the complete report here