The Hydrogen Revolution in the Asia Pacific
Hydrogen is already having, and will continue to have, a significant impact in the Asia Pacific region – the opportunity is already being embraced by Australia, Japan and the Republic of Korea in particular. Hydrogen offers the region a practical option to reduce carbon emissions and fossil fuel dependency. Further, investment into domestic hydrogen applications (such as stationary applications and fuel cell electric vehicles (FCEVs)) will serve as a catalyst for the creation of ambitious regulatory frameworks for hydrogen across the region. This, in turn, can support sufficient production and demand to provide the backbone for the global hydrogen supply chain.
What is particularly striking about hydrogen in Asia Pacific is the scale, scope and diversity of opportunity that it presents. Whilst diversity of opportunity has a downside (notably the dilution of effort resulting from a relative lack of collaboration between different jurisdictions who are placing focus on different aspects of hydrogen’s obvious potential) it is likely to be the foundation for a multi-jurisdictional hydrogen success story. The broad, pan-region drive toward the use of hydrogen and the development of related technologies across a range of sectors, combined with increased demand (motivated in no small part by climate related considerations) will all serve to reduce production cost and facilitate adoption
Earlier this year, DLA Piper launched the EMEA Hydrogen Report which analysed how the hydrogen market is developing, and the approach that is being taken in key jurisdictions. It is in this context that we launch this report, seeking to achieve an understanding of the scale and potential of hydrogen in the region by examining what has been done and the ambitions of the Australian, Japanese, Korean, Chinese, Indian and New Zealand jurisdictions for their hydrogen future.