China Bets Big on Green Hydrogen: Analyst Reaction | Switched On

China is emerging as the standout exception in the global hydrogen market. While many countries are scaling back ambitions, Beijing has set a new target to increase green hydrogen production eightfold by 2030, a level that could make it the world's largest producer and account for roughly half of BloombergNEF's projected global output that year. The strategy is about more than decarbonization. China sees green hydrogen as a way to strengthen energy security, reduce reliance on imported oil and gas, and build on its manufacturing leadership in technologies such as electrolyzers. Yet major technical and commercial challenges remain, with many projects still struggling to compete economically and developers treating the current wave of investment as a learning phase. So why is China doubling down on green hydrogen, and what could its strategy mean for the future of the global hydrogen industry? On today’s show, Kamala Schelling is joined by BloombergNEF hydrogen specialist Xiaoting Wang, to discuss her note “China Seeks Green Hydrogen Lead With Eightfold Growth.”

Complementary BNEF research on the trends driving the transition to a lowercarbon economy can be found at BNEFGO on the Bloomberg Terminal or on bnef.com ()

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China Seeks Green Hydrogen Lead With Eightfold Growth ()

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The future of energy, transport, sustainability and more, as told by BNEF analysts. Each week, Dana Perkins and Tom Rowlands-Rees sit down with BloombergNEF (BNEF) analysts to uncover the key findings and stories behind their latest research.

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