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Visit McKinsey & Company to read the article.
“While the annual total investment need of $20 billion to $25 billion until 2030 is a major step up for the hydrogen industry, the world already invests more than $1.7 trillion in energy each year, including $650 billion in oil and gas, $300 billion in renewable electricity, and more than $300 billion in the automotive industry. In the medium term, the investments could create a self-sustained market, turning over more than $2.5 trillion and creating some 30 million jobs along the value chain—based on current multipliers of around 12 jobs per $1 million dollars in sales in the automotive, equipment, and oil and gas industries—if the 2050 vision is realized.”