A Cost Analysis of Importing Low-Carbon Hydrogen to Europe

Interest in hydrogen has grown in recent years as policymakers consider strategies for achieving the goal of full, economy-wide decarbonization over the next several decades. Because hydrogen can be produced in a low-carbon manner and emits no carbon dioxide at the point of use, clean hydrogen is seen as offering a potential solution for certain industrial processes and energy end-uses that are technically impossible or prohibitively expensive to decarbonize through other means, like electrification. According to some recent studies, decarbonization efforts can be expected to substantially increase global demand for low-carbon hydrogen, while also creating new impetus to develop the […]