Carbon price impact on hydrogen production costs in the EU 2030
Hydrogen has been explored as an energy source to mitigate climate change impacts, and alongside its production, new strategies, incentives, and guidelines are also being developed. Currently, global hydrogen production is dominated by natural gas reforming, and green hydrogen prices are not competitive enough to attract customers. Consequently, as of 2021, the market demand for fully decarbonized green hydrogen is still very low compared to the demand for other fuels.