Widespread adoption of clean hydrogen can cut global greenhouse gas emissions by up to 34 percent in fossil fuel-dependent sectors by 2050 — and at a manageable cost — according to a new study by research firm BloombergNEF (BNEF).
Context
Widespread adoption of clean hydrogen can cut global greenhouse gas emissions by up to 34 percent in fossil fuel-dependent sectors by 2050 — and at a manageable cost — according to a new study by research firm BloombergNEF (BNEF).
About
Key-highlights of the Study:
How Hydrogen can actually clean the environment?
Conclusion:
At present, right now, a hydrogen economy is still uncertain — there are not enough policies to support investment and scale up the industry. For hydrogen to gain use, policy is critical. The clean hydrogen industry is small and costs are high. There is a big potential for costs to fall, but the use of hydrogen needs to be scaled up and a network of supply infrastructure created. This needs policy coordination across government, frameworks for private investment and roll-out of around $150 billion of subsidies over the next decade.
Verifying, please be patient.