Global demand forecasts for green hydrogen are high. Hydrogen is quite possibly the only decarbonisation solution for countries with scarce renewable energy resources and for sectors that have no other renewable energy alternatives.
New Zealand has a key competitive advantage, as the renewable electricity available from 1 January 2025 could produce green hydrogen at an internationally competitive price point. This could enable New Zealand to be a world-leading exporter of green hydrogen. In addition, New Zealand’s abundance of low-cost renewable development options may support long-term growth.
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