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flag IEA cuts hydrogen production forecast but predicts fivefold growth by 2030, driven by China.

flag The International Energy Agency (IEA) has reduced its forecast for low-emission hydrogen production by 2030 by 25%, citing project cancellations and cost pressures. flag Despite this, production is expected to rise fivefold to over 4 million tons annually, mainly due to China's development of hydrogen electrolysers. flag The global green hydrogen market is forecast to reach $19.2 billion by 2032, driven by demand for fuel cell vehicles and decarbonization efforts. flag However, high production costs remain a significant challenge.

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