How Chile aims to be among the largest exporters of green hydrogen in the world
As part of our regular ESG Research Reports in Climate and Sustainable Finance, #20 discusses how Chile aims to be among the largest exporters of green hydrogen in the world. Key insights from the report include:
- On 3 November, Chile's Ministry of Energy presented a "National
Strategy for Green Hydrogen for Chile" with three main objectives:
- Have 5 GW of electrolysis capacity under development by 2025
- Produce the cheapest green hydrogen in the world by 2030
- Be among the world's three largest hydrogen exporters by 2040
- Chile has the renewable resources and power market environment to produce among the cheapest hydrogen in the world.
- Favorable new legislation and international partnerships will be essential to launch a dominant hydrogen industry.
- Debate over a new constitution and the global economic crisis threaten Chile's ability to attract foreign investment for its hydrogen ambitions.
Read the full report:
- Biden administration restores Obama-era carbon cost estimate, plans 2022 update
- UN says national climate pledges “nowhere close” to limiting climate change to 1.5°C
- South Korea plans Northeast Asia’s largest hydrogen hub
- Possible peak seen for coal power in India’s energy transition
- Engie, Equinor offer blue hydrogen in Western Europe
- SEC to review climate risk reporting by publicly traded companies
- US Senate confirms former Michigan Governor Granholm as Energy Secretary
- Indian budget ramps up commitment to renewable energy development, domestic manufacturing
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