Asia’s influence in the global economy has steadily grown over time. The region has evolved into an industrial powerhouse, excelling in manufacturing, technology, innovation, and logistics. However, this industrial growth has come with a heavy reliance on fossil fuels—primarily coal, oil, and natural gas—which has made Asia a major contributor to global carbon emissions.
To achieve its decarbonization targets, Asia is placing high hopes on Hydrogen, with several countries in the region having already implemented national hydrogen strategies. The potential for Clean Hydrogen in Asia is vast, and it is beginning to make inroads across various sectors. From power generation and transportation to hard-to-abate industries like shipping and aviation, hydrogen projects are emerging across the region.
Asia’s hydrogen market is unique, where we see countries leading in production and consumption such as China and India alongside nations like Japan and South Korea, which aim to become leading importers. Meanwhile, Australia is positioning itself as the world’s largest hydrogen exporter.
While Asia consumes around 50% of global fossil-based hydrogen, the business case for clean hydrogen is still in the early stages of development. A major hurdle is the high cost of producing green hydrogen, which is currently 3 to 6 times more expensive than grey hydrogen. The demand supply balance and regulatory landscape is still uncertain, with only a few projects advancing to the final investment decision stage.
However, Asia is uniquely positioned to overcome these obstacles. The region’s significant demand potential, coupled with abundant renewable energy resources in countries like Australia, India, and China, can help drive down the cost of green hydrogen production. Additionally, China’s competitive edge in electrolyser production further strengthens the region’s ability to scale up clean hydrogen effort.
In this webinar, we will examine:
About the Speaker:
Ms. Ruella Menezes is a Director at Kline + Company’s Energy practice and brings with her more than 14 years of experience in strategy and consulting. With a primary focus on sustainability, her expertise lies in supporting clients to develop robust, scalable low-carbon business portfolios. Prior to Kline, Ruella spent nearly a decade at Accenture, where she supported clients in the Energy and Chemicals sector with a range of sustainability-focused strategy and consulting projects.
Registration closes on November 29, 2024 (Friday) at 6:00 PM SGT. Free for ALIA members. For non-members, tickets are US$50 per person.
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