DLA Piper launches Hydrogen Revolution in Asia Pacific report

Global law firm DLA Piper has today launched its second report on the hydrogen revolution, this time analysing developments in the Asia Pacific region.

DLA Piper’s report The Hydrogen Revolution in Asia Pacific delves into the scale, scope and diversity of potential in the region by examining the approach and ambitions of Australia, Japan, The Republic of Korea, China, India and New Zealand for their hydrogen future.

Hydrogen, and its use as an energy supply, is not a new phenomenon. Its unique qualities as an energy source and fuel has long been recognised. Demand has grown significantly and consistently since 1975, and that is expected to continue.

What is new is the perfect storm of increasing demand, improved technology to generate clean (or cleaner) hydrogen than traditional, higher emission methods, decreasing production costs and the broader prioritisation being given to decarbonisation.

DLA Piper’s Global Co-Chair, Energy and Natural Resources Sector, Alex Jones, said: "Current market dynamics give rise to a perfect storm, offering incredible opportunities across a range of sectors – particularly energy intensive, high emission industries – and geographies for energy players and investors.

"Hydrogen is the most abundant element in the universe and is already having a significant impact in the Asia Pacific region. The opportunity is already being embraced by Australia, Japan and The Republic of Korea in particular, which offers the region a practical option to reduce carbon emissions and fossil fuel dependency."

Download the report here