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Hydrogen is a clean fuel without carbon emissions and has the highest specific energy among all fuels in use. Hydrogen is a feedstock for the oil refinery, fertilizer, and steel sectors, and is used in transportation and energy storage where it generates power and heat. The International Renewable Energy Agency reported that hydrogen could account for 12% of global energy use by 2050 and producing green hydrogen could result in carbon emission reductions of 9–20 CO2-eq/kg of hydrogen produced from renewable sources.
Utilizing renewable energy to produce hydrogen will contribute to achieving net-zero emission targets without impacting the desired economic output. It complements rapid transition to sustainable energy sources while decarbonizing parts of the economy, thereby leading to overall socioeconomic development.
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