Unlocking the Potential: Low-Emission Hydrogen's Growth in Latin America and the Caribbean
Key Ideas
- Latin American and Caribbean countries are developing roadmaps for low-emission hydrogen, with potential to create 350,000 jobs in the industry by 2050.
- Installed electrolysis capacity in the region could reach 200 GW by 2050, with electricity generation capacity exceeding 400 GW, driving economic growth.
- Exports of low-emission hydrogen from the region are projected to exceed 11 million tons, generating revenues over $13 billion, requiring investments of $200-300 billion by 2050.
- The industry's growth is crucial for the region, highlighting the significance of electrolysis infrastructure and electricity generation for sustainable development.
The Latin American Energy Organization (OLADE) has released a Technical Note discussing the potential growth of low-emission hydrogen in Latin America and the Caribbean (LAC) region. Several countries in LAC have developed strategies and set goals for the development of low-emission hydrogen in the short, medium, and long term. The note outlines projections for job creation, estimating nearly 350,000 jobs in the industry by 2050. Additionally, it highlights that installed electrolysis capacity could reach 200 GW, while electricity generation capacity could surpass 400 GW by 2050, indicating substantial growth opportunities. Export projections suggest that the region could export over 11 million tons of hydrogen, leading to revenues exceeding $13 billion. However, to achieve these goals, significant investments of $200-300 billion by 2050 are required. The document emphasizes the importance of electrolysis infrastructure and electricity generation for the industry's development, underscoring their role in the region's energy transition and economic growth.
Topics
Installation
Renewable Energy
Investment
Energy Transition
Job Creation
Economic Growth
Industry Development
Latin America
Caribbean
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