Hydrogen Council
Introduction
The Hydrogen Council is a global initiative of leading energy, transport, and industrial companies with a united vision and long-term ambition for hydrogen to foster the energy transition. Established at the World Economic Forum in Davos in 2017, the Hydrogen Council is the first of its kind to provide a long-term vision for a comprehensive hydrogen economy.
History
The Hydrogen Council was established in January 2017 by thirteen founding members, including multinational corporations such as Toyota Motor Corporation, BMW AG, and Royal Dutch Shell plc. The council was formed in response to the increasing demand for solutions to combat climate change and the need for more sustainable energy sources.
Mission
The Hydrogen Council's mission is to accelerate the global transition to hydrogen by demonstrating its benefits for energy, transport, and industry, and by working with, and providing recommendations to, a number of key stakeholders including policy makers, business and hydrogen players, international agencies and civil society to achieve these goals.
Structure
The Hydrogen Council operates under a tiered membership system, with three levels of participation: Steering Members, Supporting Members, and Investors. Each tier has different responsibilities and privileges within the council. The council is led by two co-chairs, elected from the Steering Members for a two-year term.
Activities
The Hydrogen Council conducts various activities to promote the use of hydrogen as a key solution to meet climate goals. These activities include publishing studies and reports, hosting events, and engaging with key stakeholders to advocate for hydrogen and fuel cell technologies.
Impact
Since its establishment, the Hydrogen Council has grown in influence and now represents a significant global force advocating for hydrogen. Its members collectively represent over 15% of global carbon emissions, over 2.6 million jobs, and more than $8.2 trillion in revenue.
Challenges and Criticisms
Despite the Hydrogen Council's efforts, there are several challenges and criticisms associated with the transition to a hydrogen economy. These include the current cost of hydrogen production, the lack of infrastructure for hydrogen distribution and storage, and the fact that the majority of hydrogen production currently comes from fossil fuels.
Future Outlook
The Hydrogen Council believes that hydrogen has the potential to power a clean energy future. As such, the council continues to advocate for policies and investments that support the growth of a global hydrogen economy.