WEF & Accenture - Hydrogen in China
Summary
The Green Hydrogen in China report is a collaborative effort between the World Economic Forum, Accenture, and China Hydrogen Alliance. The report proposes a roadmap for China's green hydrogen development, with the aim of making China a global leader in green hydrogen production and use. The roadmap is defined by six key barriers and goals, which are related to cost, infrastructure, market demand, industry standards and certification, technology, and evolution and cooperation. To achieve these goals, the report offers 35 enabling measures to be executed in three phases from now until 2030. The report emphasizes the need for collaboration between government, industry, and other stakeholders to achieve the goals outlined in the roadmap. Over the next 18 months, practical steps to take down this pathway include government support for demonstration projects and policy incentives for industry sectors to adopt green hydrogen. The report also highlights the importance of cross-cutting themes, such as the supportive role of government policy, coordination between provinces, an approach built on global cooperation, as well as a China-specific approach to standards. The report concludes that by addressing these barriers and goals, China can accelerate the growth of green hydrogen and contribute to a more sustainable future.
Region:
Asia
Published:
June 2023
Author(s):
WEF & Accenture
Language:
English