While there are still many uncertainties as to the way in which hydrogen trade might evolve and change economic ties and political dynamics between countries, experts agree that green hydrogen can bring winds of change to the global energy arena.
According to the International Renewable Energy Agency, significant geoeconomic and geopolitical shifts are just around the corner.
Rapid growth of the global hydrogen economy can bring significant geoeconomic and geopolitical shifts disrupting global trade and bilateral energy relations, according to the International Renewable Energy Agency (IRENA). Already today, over 30 countries and regions are planning for active commerce heralding a considerable growth in cross-border hydrogen trade.
The agency estimates that over 30% of hydrogen could be traded across borders by 2050, a higher share than natural gas today. According to its latest analysis Geopolitics of the Energy Transformation: The Hydrogen Factor, hydrogen is set to change the geography of energy trade and regionalize energy relations, with the emergence of new centers of geopolitical influence built on the production and use of hydrogen, as traditional oil and gas trade declines.
Net energy importers such as Chile, Morocco, and Namibia are emerging as green hydrogen exporters while fossil fuel exporters, such as Australia, Oman, Saudi Arabia, and the UAE, are increasingly considering clean hydrogen to diversify their economies. Some countries that expect to be importers are already deploying dedicated hydrogen diplomacy such as Japan and Germany. pv magazine - link - Marija Maisch - link - more like this - link
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