Hydrogen, which is often hailed as a key innovation that is needed to reach net-zero emissions, is becoming more affordable, writes Ken Silverstein in Forbes.
Hydrogen’s Role in Reaching Climate Goals
According to Bloomberg’s Hydrogen Economy Outlook “gas could supply 24% of the world’s energy demands by 2050 while cutting CO2 levels by 34%…If all the pieces fall into place, hydrogen produced from wind and solar could cost between $0.8 and $1.6 a kilogram. That is roughly the cost of natural gas.”
- The greatest impediment to the rapid deployment of hydrogen is the high cost of production.
- The private sector is looking for innovative ways to reduce the cost of green hydrogen. The Hydrogen Council estimates that by 2030 global investments in hydrogen will exceed $300 billion.
- Through innovation and leadership the private sector is bringing affordable green hydrogen production closer to fruition.
Read the full article here.