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NEW HORIZONS FOR HYDROGEN TRADE: TRANSPORTING CLEAN ENERGY OVERSEAS

Cross-border trade needs a common language. The absence of harmonised standards and certification systems for assessing and evidencing hydrogen’s sustainability attributes is an unnecessary barrier to investment. By eliminating inconsistent rules and methods to determine hydrogen’s carbon footprint, countries can provide certainty to buyers about hydrogen’s origin, offer more clarity on hydrogen’s contribution to decarbonisation goals, and reduce administrative costs. To illustrate, in Japan, such a reduction of the administrative burden on hydrogen import from Australia could generate up to $2bn of savings in 20307.

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