US, Europe and China to Dominate Hydrogen Supply, BNEF Says

The US, Europe and China will dominate global supply of low-carbon hydrogen by the end of the decade, driven by strong regulatory support and ambitious growth targets, according to BloombergNEF.

By 2030, the three markets will account for 80% of global output of clean hydrogen, the production of which reduces or captures greenhouse gas emissions. Annual supply is expected to jump 30-fold to 16.4 million tons, BNEF said in its Hydrogen Supply Outlook.

The US is forecast to account for 37% of low-carbon hydrogen production by 2030, followed by Europe and China on 24% and 19%, respectively, thanks ...