BNEF: Green hydrogen could curb third of fossil fuel and industry emissions by 2050

Cecilia Keating
clock • 3 min read

But roughly $150bn of subsidies, carbon pricing and more supportive policies may be needed for green hydrogen to reach full decarbonisation potential, finds analyst

A major rollout of green hydrogen technologies could offset up to one third of global greenhouse gas emissions produced by fossil fuels and industry by 2050, according to a new report today by BloombergNEF...

To continue reading this article...

Join BusinessGreen

In just a few clicks you can start your free BusinessGreen Lite membership for 12 months, providing you access to:

  • Three complimentary articles per month covering the latest real-time news, analysis, and opinion from Europe’s leading source of information on the Green economy and business
  • Receive important and breaking news stories via our daily news alert
  • Our weekly newsletter with the best of the week’s green business news and analysis

Join now

 

Already a BusinessGreen member?

Login

More on Energy

UK energy sector unites to tackle barriers to household clean tech adoption

UK energy sector unites to tackle barriers to household clean tech adoption

Ofgem, government, and energy firms team up for new initiative aimed at making it easier for homes and businesses to install EV chargers, heat pumps, solar panels, and batteries

Michael Holder
clock 26 October 2026 • 3 min read
It's time for a re-think on the media's net zero reporting

It's time for a re-think on the media's net zero reporting

Roger Harrabin
clock 23 October 2026 • 4 min read
'This must be the final chapter for North Sea drilling': Jackdaw approval sparks calls for strengthened plan to end fossil fuel reliance

'This must be the final chapter for North Sea drilling': Jackdaw approval sparks calls for strengthened plan to end fossil fuel reliance

Government announces new £2bn Energy Wealth Fund alongside green light for controversial gas field, but campaigners argue bolder decarbonisation efforts are urgently needed

James Murray
clock 21 October 2026 • 7 min read