Low-carbon hydrogen is derived from non-renewable sources with less than 70% of the lifecycle emissions of fossil natural gas.
In the report, Capgemini pinpoints 2024 as a crucial year for the hydrogen industry based on targets for its development compared to production, mainly because hydrogen is still too expensive and uncompetitive. It calls for the industry to make the most of its many levers to reduce this challenge while rallying public support, conscious that it must be more demand-driven to ensure stability.
While laying out the challenges at hand, it is optimistic about low-carbon hydrogen’s future, projecting it as a vector and a real tool for decarbonising economies.
It rounds off on a positive note, which suggests although the road ahead may not be smooth, progress is being made to make low-carbon hydrogen more accessible. It is making a relevant contribution to decarbonisation objectives by 2030 and before the wider goal year of 2050.
What are the whitepaper’s main findings?
In short, there are six main findings from the Reducing Low-Carbon Hydrogen Investment and Operating Costs whitepaper.
