DUBAI, December 10. /TASS/. Russia plans to increase hydrogen production and export to win 20% of the global market by 2030, Russian First Deputy Minister of Economic Development Ilya Torosov said.
"We are developing the export sector of hydrogen production and plan to take hold of a fifth of the global market," he told the 28th Conference of the Parties to the UN Framework Convention on Climate Change (COP28).
According to Torosov, Russia’s production of low-carbon hydrogen will reach at least 550,000 tons a year by 2030. More than 40 low-carbon hydrogen production projects are currently developed primarily in northwestern Russia, in Siberia, and in the Far East.
More than 70,000 delegates from various countries are taking part in the COP28 event, which will last until December 12. The Russian delegation is led by presidential envoy for climate-related issues Ruslan Edelgeriev.