Cross-border trade of hydrogen and its derivatives could save USD 3.7 trillion in investment costs by 2050. Global trade routes could lower energy system costs by connecting high-demand areas with regions that can supply low-cost clean hydrogen and its derivatives. This would cut total system costs by 30%, or USD 3.7 tn compared to a scenario where all hydrogen is produced and consumed locally. Global trade can also increase the speed at which value chains grow by tapping into production areas that have limited scaling constraints and abundant access to clean energy and other input factors (e.g., iron ore, biogenic […]
