Sector Research Hydrogen<\/a><\/u><\/i><\/b><\/p>\n\n\n\n\n<\/p>\n
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Introduction<\/h2>\n
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Given a clearer picture of the consequences, climate change ambitions \u2013 certainly in the UK – are shifting towards the goal of limiting global warming to 1.5 \u00baC above pre-industrial levels, rather than 2 \u00baC.\u00a0 This goal dictates a global transition to net-zero energy-related CO2 emissions by 2050 at the latest.<\/p>\n
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Achieving this goal will be challenging.\u00a0 Current methods for the decarbonisation of energy \u2013 increased energy efficiency, switching to electricity from renewable energy sources rather than fossil fuels, and increased electrification \u2013 can, by wide agreement, only take us so far.\u00a0 In addition, these methods present significant challenges in their wider adoption.<\/p>\n
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In this report, we introduce how hydrogen, a clean, versatile and abundant element, currently used mostly in the production of chemicals, could help obviate or overcome some of these challenges.\u00a0\u00a0 Hydrogen could do this by expanding into a role as a complementary energy carrier alongside zero-carbon electricity.<\/p>\n
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In this role, hydrogen produced from renewable and carbon-abated fossil fuel sources could help decarbonise certain end-use sectors, particularly those less suited to full decarbonisation with electricity, such as transport, heavy industry and heat for buildings.\u00a0 It could also help with the decarbonisation of the electricity supply, in part by enabling the integration of high levels of renewable energy.<\/p>\n
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Much of the technology needed to make this vision a reality exists today, but can it be scaled economically from today\u2019s demonstration and early commercial ventures to mass market acceptance, or are there fundamental issues that will limit its uptake?\u00a0 Frankly, no one knows if hydrogen will become a \u2018central pillar\u2019 of our decarbonisation efforts, providing 18% of final energy demand globally by 2050, with associated revenue potential of $2.5 trillion a year, as suggested by the Hydrogen Council, a prominent hydrogen advocacy group.\u00a0 Regardless, given this potential, investors should be aware of hydrogen and the discussions surrounding it.\u00a0 This report provides a high-level overview of the topic.<\/p>\n
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<\/p>","protected":false},"excerpt":{"rendered":"
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