Excerpt from worldfinance.com
The energy sector needs to change rapidly and radically if the climate crisis is to be averted. Long hailed as a revolutionary low-carbon fuel, the day of green hydrogen is finally dawning to complement the role of electricity, says utilities firm Iberdrola.
Around the world, momentum is growing behind the renewable energy movement. Nations are searching for solutions to power a cleaner, greener future, and bold plans are being set out to reduce carbon dioxide (CO2) emissions. The race is on to transition to a net zero energy system by 2050, and thus avert the crisis of global warming by limiting the world’s temperature rise to 1.5 degrees Celsius, as set out at the Paris Agreement.
Yet while countries around the globe look to put a stop to rampant CO2 emissions, energy demand is expected to tick ever higher as economies demand more power to facilitate their continued growth and development. The International Energy Agency (IEA) predicts energy demand will rise between 25 and 30 percent in the years to 2040.
Reaching the net zero milestone in a matter of decades while energy use continues to rise will require businesses to innovate and seek out sustainable solutions that are both accessible and efficient. One of them could be hydrogen.