Hydrogen will provide 5% of our energy by 2050. It needs to be 15%.

Reproduced from DNV; Chart: Axios VisualsBooming investment in hydrogen fuels isn’t keeping pace with the climate crisis, per a new forecast from consulting conglomerate DNV.Why it matters: Hydrogen is on track to account for 5% of the global fuel mix by 2050. But to meet the modest targets of the Paris climate accord, it instead needs to reach 15%.What’s happening: Hydrogen holds great promise for climate technology, but that demands enormous investment in new infrastructure that is not happening.All that new infrastructure will also take a long time to build. Zoom in: Take green hydrogen, which is produced by splitting hydrogen from water using electrolyzers.The bottleneck: powering all those electrolyzers with emissions-free electricity. We’ll need another 3,100 GW — double the current capacity of solar and wind generation, DNV says.What’s next: “Early uptake of hydrogen will be…

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