SCALING HYDROGEN FINANCING FOR DEVELOPMENT

SCALING HYDROGEN FINANCING FOR DEVELOPMENT

The World Bank is currently closely involved in the roll-out of the global hydrogen economy, as part of a bigger international effort to support this transition. The Bank’s principal components—the International Bank for Reconstruction and Development, International Finance Corporation, and Multilateral Investment Guarantee Agency—are in close consultations with client countries and private sector players on how to realize their hydrogen ambitions.

To date, the World Bank Board has approved $1.65 billion in clean hydrogen loans in 2023. The Hydrogen for Development Partnership (H4D), established at the 27th conference of parties (COP27) through the work of the Energy Sector Management Assistance Program (ESMAP) at the World Bank, provides client countries with practical advice and technical assistance on how to develop policies in order to advance clean hydrogen efforts in their respective economies. This report’s analysis provides detailed information on the global hydrogen market and the cost of producing hydrogen. It quantifies the gap between the costs of financing clean hydrogen projects and the benefits such a project can be expected to yield in the short term

Finance for the Green Economy