Net Zero

How Hydrogen Power Can Help Combat Climate Change

 

Indranil Ghosh shares the second instalment of a two-part series on hydrogen power and how it can help countries meet Net Zero targets.

Before we get into the topic of hydrogen again, I’d like to invite you to listen to my webinar on “The Future of ESG Investing” tomorrow at 10am EST. The webinar is hosted by GlobalWonks, a global research network headquartered in Washington DC. The details are in the flyer below.

In Part 2 of our series on the hydrogen economy, Indranil speaks with Ad Van Wijk, sustainable energy entrepreneur and part-time Professor Future Energy Systems at TU Delft, the Netherlands.

Governments around the world are increasingly feeling the heat and are enacting ‘Net Zero’ emissions targets. The sense of urgency only seems to have been heightened by the pandemic. As part of its European Green Deal agenda, the European Union for example is targeting 55% emissions reductions by 2030 and net zero emissions (which will be enshrined by law) by 2050.

These targets are highly ambitious. Just phasing out fossil fuels and installing renewable energy like wind and solar will still leave us far away from reaching these goals, as the International Energy Agency has argued. Indeed, both the IEA and EU believe developing the hydrogen economy is critical to reaching Net Zero.

 

Key points covered in this interview include:

  • Why hydrogen holds so much promise for decarbonization
  • Why Northern Netherlands is a strategic hub for hydrogen power
  • Cost of production

 

Read the full article and access the interview, Why Hydrogen Power Is Critical to Combating Climate Change (part two), on LinkedIn.

 

A View on the Hydrogen Economy

 

Indranil Ghosh shares part one in a two part series that makes a case for the hydrogen economy, and links to an interview with Hervé Touati, Executive Director at Available Power, and Frank Wouters, Global Lead Green Hydrogen at Worley.

Welcome to this week’s edition of Powering Prosperity Weekly.

This weekly newsletter looks at issues relating to the Global Economic Transition that will play out over the coming 20-30 years (see my  introductory article on LinkedIn for additional context).

 In Part 1 of a two-part series on the hydrogen economy, this week we attempt to answer perhaps the most important sustainability question of all: what is required to transition the planet onto a net zero carbon emissions? 

 It is a highly ambitious target and right now we are not doing enough. Just installing renewable energy like wind and solar will still leave us far away from reaching this target, as the International Energy Agency has argued. We will need other technologies like hydrogen, which as the chart below shows, has huge potential to decarbonize our economies.

 

Read the full article, Can We Meet Net Zero By 2050? The Case for Hydrogen, on LinkedIn.