Hydrogen and its derivatives will play a central role in decarbonization and global trade will be critical for driving uptake. This was the key finding of Global Hydrogen Flows, a joint report of the Hydrogen Council and McKinsey & Company published in 2022. It highlighted the inability of major future hydrogen demand regions, including Europe, Japan, and South Korea, to meet all their demand at affordable costs. Other regions, the report showed, could potentially have excess low-cost
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