Green Hydrogen Support Program

The Challenge

The world is not on track to limit the increase in average global temperature to 1.5 °C, and deeper actions on decarbonization across all economic sectors are required, particularly in hard-to-abate sectors.  Green hydrogen—produced with renewable electricity through electrolysis— can help address greenhouse gas (GHG) emissions from hard-to-abate sectors, such as cement and steel production, shipping, and heavy road transport, and provide a low-cost, flexible option for energy storage.

While green hydrogen production is capital intensive, green hydrogen applications can be included in national decarbonization strategies in a cost-efficient manner.  Specialized knowledge and capabilities, however, are required to ensure that production, storage, and use of green hydrogen is safe; and policies, regulations, and standards are necessary to ensure that green hydrogen projects are bankable.