A green hydrogen future needs more investment in production capacity

  • 📰 globeandmail
  • ⏱ Reading Time:
  • 34 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 17%
  • Publisher: 92%

Business News News

Business Business Latest News,Business Business Headlines

A new report says global progress on ramping up hydrogen production has been limited, and doubling capacity to the required levels will take an accelerated deployment of renewable power

what they called a “joint declaration of intent” that calls on the two countries to invest in hydrogen and establish a “transatlantic Canada-Germany supply corridor,” andBut global progress on ramping up hydrogen production has been limited, the report says, and doubling capacity to the required levels will take an accelerated deployment of renewable power.

charging infrastructure, governments and private companies making commitments to purchase near-zero-emissions steel, and investing in agriculturalThe report notes an increase in deploying technologies over recent years, including a doubling of EV sales in 2021 from the previous year, and forecasts an increase in the global capacity to produce renewable power.

“Through international collaboration, we can make the transition quicker, cheaper and easier for everyone – on the back of faster innovation, greater economies of scale, bigger incentives to invest, level playing fields and benefits that are shared across all parts of society,” he said in a statement.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Hydrogen is a zero emissions tailpipe dream. Infrastructure is 10 yrs behind and the price sucks

Hydrogen is a byproduct of water desalination.

Germany has invested $6 billion to generate their own.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 5. in BUSİNESS

Business Business Latest News, Business Business Headlines