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Press release from the SMI 09 November 2021

28 companies pledge to accelerate use of decarbonized hydrogen at COP26

The pledges equate to nearly one quarter of the decarbonization potential for hydrogen by 2030, as estimated by the Hydrogen Council

Read the full press release here

The World Business Council for Sustainable Development (WBCSD) and The Sustainable Markets Initiative (SMI) gathered ambitious companies to drive growth in the demand for, and supply of, hydrogen - an essential part of the future net-zero energy system.

Pledges across three categories – demand, supply and financial or technical support – have been made by 28 companies representing different sectors from mining to energy, vehicle and equipment manufacturers, and financial services.

The Hydrogen Council estimates that in 2030, the decarbonisation potential for hydrogen could equate to approximately 800 million tonnes per annum (mtpa) of carbon dioxide (CO2) emissions avoided. The pledges announced already equate to nearly one quarter of this total.