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Enabling global trade in renewable hydrogen and derivative commodities
Renewable hydrogen and hydrogen-derived commodities — such as ammonia, methanol and e-kerosene — are expected to play an important role in the transition to low-carbon energy because they are essential to decarbonize sectors such as heavy industry and transport. Jointly produced by the International Renewable Energy Agency (IRENA) and the WTO, this publication highlights the critical role of sound, coherent strategies in promoting the use of renewable hydrogen and hydrogen-derived commodities.
By 2050, renewable hydrogen and its derivatives could account for up to 14 per cent of final energy consumption, especially in industry and as sustainable fuels. Economies with abundant renewable resources may increasingly emerge as renewable energy exporters, whereas economies with strong industrial sectors but limited renewable energy sources may need to rely on imports to decarbonize their processes.
To develop a robust international market for these commodities and fuels, infrastructure investment, coherent policy frameworks and sustainable value chains will be required. This report provides policymakers with practical suggestions, including trade-related tools, to support the transition to sustainable energy. International collaboration is also essential to lower trade barriers and build stable demand for renewable hydrogen and its derivatives.
Published in 2024
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