2024 policy updates

Since 2021, the Chinese government has placed significant emphasis on the advancement of the hydrogen energy industry. During the first quarter of 2024, over 30 policies related to the hydrogen industry were published by the Chinese government. Among these, more than 12 local governments implemented supporting policies to expedite the development of the hydrogen industry. SGS INSPIRE has observed a considerable decline in the number of hydrogen-related policies announced this year. In 2023, an average of at least 100 hydrogen policies were announced each month. This decline can be attributed primarily to the fact that most provinces, autonomous regions, cities, and counties set their short- and mid-term development goals between 2021 and 2023, with some governments also