$15 trillion global hydrogen investment needed to 2050-research

So-called green hydrogen, made by using renewable energy to power electrolysers to convert water, is being backed by many governments for vehicles and energy plants but it is currently too expensive for widespread use. (File pic shows hydrogen-fueled car).

LONDON: Decarbonising energy and other industries globally using hydrogen will require investment of almost $15 trillion between now and 2050, the Energy Transitions Commission (ETC) said in a report on Tuesday.

The ETC is an international coalition of executives from the energy industry committed to achieving net zero emissions by mid-century, a goal set by the Paris climate agreement.