Hydrogen, ammonia and other new energy commodities to deliver over a quarter of emissions reductions in Asia Pacific, says DNV
United Kingdom, Oct. 29 -- Green fuels and feedstocks, including hydrogen, ammonia, sustainable fuels and carbon sequestration, will be responsible for over 25% of emissions reductions in Asia Pacific by 2050, according to a new report from DNV.While electrification and renewables will drive most of the energy transition in APAC, new energy commodities (NECs) remain essential, in particular for hard-to-abate sectors. International trade is pivotal to deliver deep decarbonization, with 81% of NECs expected to be cross-border.The total NEC market in APAC is estimated to be around USD 1.1 trillion per year - or around 3% of the estimated regional GDP for 2050.While most of the region's net zero transition will be achieved through electrificati...
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