Commodity Market Report
Global ETS long-term outlook 2025
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Report summary
The global outlook for low-carbon hydrogen by 2050 has been reduced by 15 Mtpa, mainly due to cuts in green hydrogen supply and decreased power sector demand. Blue hydrogen will play a significant role in the near-term, and green hydrogen will gain a larger share over time as its competitiveness improves. In this outlook, we also provide a view over carbon-intensive hydrogen demand and how low-carbon hydrogen is displacing it. Early demand will come from refining, ammonia, and methanol,
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