Given the unique potential of a low cost renewable molecule to address the decarbonization challenges faced by society, in the near-term policymakers committed to climate action should pursue and support the cost-out and scale-up pathways for renewable hydrogen and powerto-X outlined in this paper. They can help facilitate the development by establishing regulatory frameworks to:
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Incentivise consumers to decarbonise
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Promote flagship projects to overcome uncertainties
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Integrate power-to-X in infrastructure planning
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Accelerate deployment of renewable energy
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Commit to an ambitious and strategic policy pathway