What hydrogen and the global energy transition mean for industry in 2022
- Date: 21-Jan-2022
- Source: World Economic Forum
- Sector:Oil & Gas
- Country:Middle East
What hydrogen and the global energy transition mean for industry in 2022
Hydrogen as an energy carrier will play an important role in decarbonization of multiple industries.
Partnerships between politicians, businesses and individuals alike will be key to ensuring a successful transition to greener energy.
US and China well positioned for renewables revolution, while the EU will remain an energy importer.
"Water is the coal of the future." That's how French author Jules Verne summed it up nearly 150 years ago. "The elements hydrogen and oxygen, decomposed by electric current, will in the future supply the Earth’s energy,” he went on to say.
Will Verne be right? Is hydrogen really becoming the ‘silver bullet’ to advance the decarbonization of the Earth? Or is it merely a ‘hype train’, as Forbes put it?
One thing is certain: hydrogen alone will not stop climate change. What we need most for a successful energy transition is rapid growth in renewables overall, alongside an expansion of the grid to transport the renewable electricity to consumer regions.
In parallel, we must succeed in making the existing energy systems more efficient and rely on interim solutions. The shift from coal to gas will save a large amount of carbon dioxide particularly quickly.
Hydrogen will play a
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