The American Petroleum Institute (API) released new analysis of the benefits of low-carbon hydrogen produced from natural gas.
The study, commissioned by API and conducted by ICF, found that hydrogen produced from natural gas with carbon capture and produced from electricity and other energy sources could eliminate an additional 180 million metric tons of greenhouse gas (GHG) emissions on average per year through to 2050.
This could also save over $450 billion (€450 billion) cumulatively through 2050 when hydrogen incentives are uniformly provided based on a per ton of GHG emissions reduced.
“Our industry is committed to advancing innovative technologies like low-carbon hydrogen, which are crucial to reducing GHG emissions economy wide,” said API Vice President of Corporate Policy Aaron Padilla.
“Working together with policymakers to incentivize all forms of low-carbon hydrogen and accelerate hydrogen production through programs under the Bipartisan Infrastructure Law, we can drive down emissions while ensuring American consumers have access to the reliable energy they need.”
API analysis of the study’s finding show that uniform incentives for producing hydrogen from natural gas, electricity and other energy sources are critical to meeting the US Department of Energy goal of 50 MMT of clean hydrogen produced by 2050, as laid out in the recently published National Clean Hydrogen Strategy and Roadmap.
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