Hydrogen can play a vital role in the green energy transition. Is it the fuel of the future? A thread 👇
🌱 Hydrogen technologies could eliminate perhaps a tenth of today’s greenhouse-gas emissions by 2050 econ.st/3aWnMI4
🏭 Using green hydrogen in a fuel cell releases only electricity and water, making it a low-carbon solution that could ultimately substitute dirty fuels in industrial processes
🔋 Think of the gas as an energy carrier, like electricity, and as a means of storage, like a battery ⚡️ It could also be the answer to one of the biggest problems with renewable energy—how to store it econ.st/3aWnMI4
🌎 Countries are already leaping at this opportunity. Australia, Chile and Morocco hope to ship renewable energy to the world by storing it in hydrogen econ.st/3aWnMI4
Hydrogen or low-carbon fuels made from it could effectively power: ⛴️ ferries 🚆 trains 🚛 lorries ✈️ long-distance plane journeys econ.st/3vweKel
🌈 Blue, green, black and pink: hydrogen goes by many different colours. Each name depends on how cleanly it is extracted. Learn how clean hydrogen is generated econ.st/2XtzKFZ
❎ The current way of producing hydrogen emits more than 800m tonnes of carbon dioxide each year—about the same as Germany. Tomorrow’s clean hydrogen business will have to look very different econ.st/3vweKel
📈 And it will have to be far bigger. Scaling up the hydrogen economy is set to see around $100bn-150bn in public spending globally in the decade to 2030 econ.st/3vweKel
Governments are trying to spur clean-hydrogen capacity the same way they did for renewable energy. Our global energy and climate-innovation editor explains more, on “The Intelligence” podcast econ.st/3jmQpTA
💸 America has a plan to slash the cost of the climate-friendly hydrogen by roughly four-fifths to $1/kg by 2030—a decline similar to those seen in the solar panel and battery businesses econ.st/3vweKel
☄️ The hydrogen revolution is just getting started. To read more about decarbonisation and net-zero initiatives ahead of #COP26, sign up to The Climate Issue, our free newsletter econ.st/3ndV8YQ