Latin America’s abundant renewable energy resources have positioned the region as a potential global leader in clean hydrogen production, as countries worldwide seek alternatives to fossil fuels to combat the climate crisis. Despite the immense potential, various challenges hinder the widespread adoption of clean hydrogen in the region.
Government leaders in Latin America are optimistic about the benefits of clean hydrogen, also known as green hydrogen, which is produced using electricity from renewable sources to eliminate carbon emissions. Countries like Colombia are investing in renewable energy to reduce their dependence on oil and coal.
However, significant obstacles remain, including the need for more investment, lack of customers, and high production costs. The region faces competition from cheaper, more contaminating gray hydrogen, which is generated from fossil fuels.
HIF Global’s Haru Oni clean hydrogen plant in Punta Arena. Pricing hydrogen economically enough to attract customers depends on cheap, plentiful and reliable supplies of renewable energy. | Reuters
Despite these challenges, the potential for clean hydrogen production in Latin America is significant, with countries like Colombia and Brazil exploring green hydrogen projects. Investments and regulatory support are crucial to drive the adoption of clean hydrogen and accelerate the transition away from fossil fuels in the region.
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