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https://theconversation.com/green-hydrogen-could-be-a-game-changer-by-displacing-fossil-fuels-we-just-need-the-price-to-come-down-205636>
"As the global economy moves away from fossil fuels, green hydrogen could be
critical to achieving a zero-carbon world by 2050.
Green hydrogen offers a solution to decarbonising “hard-to-abate” industries
such as steel and fertiliser production, heavy-duty transport and shipping.
Recent announcements by high-emitting countries suggest the switch to green
hydrogen might be greater and come sooner than expected.
Indian Prime Minister Narendra Modi announced a US$2.3 billion green hydrogen
mission, expected to increase 400% by 2050. India’s steel industry and
heavy-duty transport will consume about half of this production.
According to its latest government plan, China would produce 100,000-200,000
tons of renewable-based hydrogen annually and have a fleet of 50,000
hydrogen-fuelled vehicles by 2025.
The Biden administration announced an investment of US$750 million in green
hydrogen. It’s expected to generate 700,000 new jobs and leverage further
investment of US$140 billion.
New Zealand’s national grid is far more renewable than the Australian grid,
which is still dependent on coal. Nevertheless, both countries are investing in
green hydrogen as a future fuel.
The Australian government has allocated A$2 billion in its 2023 budget to
accelerate large-scale green hydrogen projects. In New Zealand, the proposed
Southern Green Hydrogen project has moved to the development stage. Final
investment decisions are expected later this year."
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
