Green hydrogen set to be competitive with fossil fuels by 2040
The cost of green hydrogen will drop 64 per cent by 2040, the researchers said. Hydrogen is seen as key to cutting global greenhouse gases as it could eliminate the use of polluting fuels in industry and transport.
This year has seen a surge of support for hydrogen as European countries make it a foundation of a low carbon future. The fuel is at the heart of the European Union’s Green New Deal and Germany has pledged to invest 9 billion euros ($10.6 billion) to create local green hydrogen production.