US green hydrogen market set to surge to $1.4 trillion by 2050, says Deloitte
- Admin
- Apr 26, 2024
- 1 min read
A new report from the Deloitte Center for Sustainable Progress (DCSP) outlines the potential of green hydrogen to decarbonize hard-to-abate sectors like steelmaking, chemical manufacturing, aviation, and global shipping. The report projects a global market value of $1.4 trillion by 2050 with significant job creation and emissions reductions. Decisive climate action is highlighted as a key factor in pushing the competitiveness of green hydrogen.
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