Encourage shared hydrogen and CO2 storage and pipelines infrastructure

Another reason why it is very expensive for industrials to move away from conventional fuels or implement carbon capture is because of the costs and technical challenges associated with transporting and storing hydrogen and CO2. Policymakers can thus encourage shared hydrogen and CO2 storage and pipeline infrastructure by supporting collaborative pilot projects, and strategically awarding permits and funding. Carbon capture hubs, co-located with industrial clusters, are networks of CO2 transport and storage infrastructure enabling carbon capture applications to expand into cement, chemicals, hydrogen and oil and gas. Crucially, the progress made in deploying these hubs could go a long way toward increasing investor confidence along the carbon capture value chain, easing potential bottlenecks to scaling capacity. This is also the case for hydrogen hubs.