Abstract
To promote low-carbon hydrogen, which is produced in a way that results in no or near-zero greenhouse gas (GHG) emissions, for decarbonization, substantial investments are required across the hydrogen value chain. Despite the potential of hydrogen in several applications, various uncertainties hinder investment in production, transport, and infrastructure. Thus, it is crucial to address business-related risks to establish a thriving market for low-carbon hydrogen. This work assesses market reforms and advancements in the renewable energy (RE), natural gas, and liquefied natural gas (LNG) sectors to identify crucial market design features and relevant enablers that can support the creation of and transition to a hydrogen-based economy.
