<
https://www.euractiv.com/section/energy-environment/opinion/the-brief-waking-up-from-hydrogen-daydreams/>
"This week, I attended a business leadership conference hosted by the German
Chamber of Commerce in Berlin. Attendees, all serious businesspeople, were
asked which technology is the key net-zero technology. The number one answer?
Hydrogen.
Europe’s fascination with hydrogen has become more like an addiction and a
costly one, too.
The European Commission estimates that to produce, transport and consume 10
million tonnes of renewable hydrogen domestically, investment worth up to €471
billion will be necessary.
For the odourless gas to be climate-friendly, it must be produced through
electrolysis using renewable electricity. To avoid electrolysers taking up all
the green power in the grid and boosting demand for coal power, two-thirds of
the €471 billion will have to be invested into additional renewables.
To meet the second half of the EU’s hydrogen targets – 10 million tonnes of
imports – will require another estimated €500 billion.
That amounts to a €1 trillion dream to get the hydrogen economy from
non-existent to infancy into 2030, and the spending certainly wouldn’t end
there.
Hydrogen proponents may argue that not all that money will come from taxpayers
and, indeed, private investments may end up shouldering much of it. But copious
amounts of public funds are being invested right now."
Via
Future Crunch:
<
https://futurecrunch.com/good-news-abortion-mexico-vaccine-indonesia-conservation-alaska/>
Cheers,
*** Xanni ***
--
mailto:xanni@xanadu.net Andrew Pam
http://xanadu.com.au/ Chief Scientist, Xanadu
https://glasswings.com.au/ Partner, Glass Wings
https://sericyb.com.au/ Manager, Serious Cybernetics
