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Rapid growth of global hydrogen economy can bring significant geoeconomic and geopolitical shifts, said a report. Driven by the climate urgency and countries’ commitments to net zero, hydrogen is set to cover up 12 per cent of global energy use by 2050.

Rapid growth of the global hydrogen economy can bring significant geoeconomic and geopolitical shifts giving rise to a wave of new interdependencies, a new analysis by the International Renewable Energy Agency (IRENA) said on Saturday.