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Supportive net zero policies, a steep decline in production costs from electrolysis as well as a broad push towards renewables will pave the way for the widespread adoption of green hydrogen. A series of reports from S&P Global Ratings explores the potential of clean hydrogen to drive decarbonisation across the economy. They found that cost continues to present a major setback to the wider spread adoption of hydrogen.
Last year in mid-2019, India totally stopped its purchase from Iran after Trump has imposed tough sanctions on it. But with Biden's win, India might look for Iranian supply again with the underlined condition of a longer wait. As a clear statement came from Shin Kim of S&P Global Platts, "We do not expect a meaningful return of Iranian oil before 2022 under either Trump or Biden.”
S&P Global Platts yesterday informed about publishing the first-to-market suite of hydrogen price assessments. Platts’ hydrogen price assessments will indicate the value of hydrogen produced at hubs in the significant regions of consumption across the US and Europe. Platts is also looking to assess other additional prices in other geographies, including Asia. S&P Platts is an independent provider of information and benchmark prices for the commodities and energy markets.