Decarbonization of the global energy system will not be simple. As countries and regions around the world outline ambitious net zero strategies and targets, energy carriers such as hydrogen (and its derivatives) will play an essential role in reducing future carbon emissions. Hydrogen is well suited for use in hard-to-abate sectors where other decarbonization options are limited. For hydrogen to be a practical solution in the energy transition, it must be available in sufficient volumes, at an acceptable cost, and with low or zero carbon emissions associated with its production and distribution. Achieving this will require hydrogen to be transported and traded internationally.
This discussion paper, International Trade Rules for Hydrogen and its Carriers: Information and Issues for Consideration, was prepared for and in close collaboration with the International Partnership for Hydrogen and Fuel Cells (IPHE). It examines the potential for future international hydrogen trade and identifies potential barriers, hurdles, and considerations to explore now to ensure appropriate future trading conditions. The discussion paper does not seek to make recommendations, set policy, or design trading frameworks. Instead, it identifies areas for further analysis and questioning, outlining potential opportunities to support market transparency and future large-scale international trade in hydrogen.
