More than US$2 trillion investment needed to meet IEA hydrogen targets
November 26, 2021
"Cooley cited a May IEA report that expects the world to require 322 million tonnes of hydrogen by 2050 if the world was to meet the emissions targets set out by the recent COP26 meeting.”
”The IEA also expects the world to require 3 585 GW of electrolyzer capacity by then.”
Meanwhile, the 5E basket of PGMs Sibanye produces becomes increasingly important as the transition to the green economy gathers pace. According to company data, Battery Electric Vehicles (BEVs) are expected to grow at 18%, Compound Annual Growth Rate (CAGR) and Fuel Cell Electric Vehicles (FCEVs) at 29% CAGR through 2030.
https://www.mining.com/more-than-2-trillion-investment-needed-to-meet-iea-hydrogen-targets/
Kind regards,
