HomeCarbon NewsLow-Carbon Hydrogen Not Seen as Fuel Alternative

Low-Carbon Hydrogen Not Seen as Fuel Alternative

Low-carbon hydrogen production has been labelled as a poor method to alternative fuels.

The World Energy Council has released a report which doubted the ability for low-carbon hydrogen to be “cost competitive with other energy supplies”. The report also mentioned that without major financial support, it would be difficult to make low-carbon hydrogen cost competitive.

The report however did mention that low-carbon hydrogen is a growing sector and has yet to fulfill its potential. Projects all over the world are in construction at release time of the report.

Hydrogen cars are less of an idea now and are becoming a reality. As such, creating hydrogen while producing low fuel emissions could thrust hydrogen into being the fuel source of the future.

Currently, the price of renewable hydrogen is too expensive to be prominent. The U.S. did begin an initiative to reduce prices of renewable hydrogen around 80%, from about $5 to 1$ per kilogram. But this initiative aims to complete this objective within a decade. This means low-carbon hydrogen will not be a proper solution to climate change until at least 2030, by which time the global temperature increase may have already passed the Paris Agreement’s goal of 1.5 degrees Celsius.

It remains to be seen whether hydrogen or electricity is chosen as the fuel method of the future. Low -carbon hydrogen would require significant contributions but stopping climate change will require every solution possible.

Most Popular
LATEST CARBON NEWS

Lenovo Unveils 2050 Net Zero Goal, Enters Carbon Credits Deal

Lenovo has revealed its goal to reach net zero greenhouse gas (GHG) emissions by 2050, which the Science Based Targets initiative (SBTi) approves, and...

Voluntary Carbon Credits Market Can Be Worth $1 Trillion in 2037

The total value of carbon credits traded in the market to help entities achieve their net zero goals can be worth $1 trillion as...

Amazon to Start Trading Renewable Energy in India

Amazon received the green light from Indian authorities to start trading renewable energy sources in the country. After securing a category-III energy trading license,...

UK Considers £300M Climate Bailout of British Steel

The UK government is considering a plan to channel a £300 million ($372 million) climate package to help British Steel reduce its carbon emissions...
CARBON INVESTOR EDUCATION

Abandoned Oil Wells and Carbon Credits

You’ve probably seen dozens of pictures before that look exactly like the one above. An active oil field littered with pumpjacks, all churning out oil...

Is Offsetting Carbon Worth It?

Is offsetting carbon worth it? This question has never been more controversial right now and it deserves a good answer, especially if you're into...

How Does Carbon Capture and Utilization Work?

Carbon capture and utilization technology is not only useful, but a necessary strategy to reduce atmospheric CO2 levels, and stall an increase in global...

Top 4 Carbon Stocks To Watch In 2023

Carbon stocks, credits and capture technology are getting a lot of interest from investors. Companies will attract even more capital in 2023.