The cost of producing grey hydrogen — made from unabated natural gas or coal, and pumping 830 million tonnes of CO2 into the air each year — is currently between $0.70 and $2.20/kg, largely depending on the price of natural gas or coal.
“As a result, green hydrogen costs are likely to fall below blue hydrogen costs in some locations before 2030 and in most by 2050,” the report says.
Clean hydrogen is “highly likely” to be needed for power storage, aviation, shipping and steel production, says the report.
It is driven by 48 commissioners who are all senior figures in the energy industry or major energy-consuming sectors such as aviation and steel.
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