Hydrogen Insights 2023 December Update
Hydrogen will play a crucial role in decarbonizing hard-to-abate sectors, enable the at-scale transport of energy to resource-constrained regions, and enable a clean and resilient energy system. Its deployment is at an inflection point – on one hand there are tailwinds such as a growing and gradually maturing pipeline of projects and supportive decarbonization regulation. On the other hand, there are headwinds: cost increases, project delays, continued regulatory uncertainty, and higher financing costs.