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Green hydrogen holds many promises: it can serve as a ‘battery’ for energy storage, it can be used in the chemical industry, and its only emission will be water vapour. To make this happen, you need to add some energy. When the hydrogen molecule is allowed to bond again, this energy will be released, though with some energy loss.
These indicators, including but not limited to carbon dioxide, methane, ocean acidification, tropical forest loss, population, GDP, water use, and transportation, have reached the point past natural variation, showing indisputably that the Earth is in a different state than before. .
As such, in 2022 81% of S&P 500 companies reported their own emissions (scope 1), and the emissions of the electricity they bought (scope 2). For instance, in 2007 Australia introduced the National Greenhouse and Energy Reporting Scheme (NGERS) to set mandatory emission reporting.
You need to remove policy hurdles such as in the Renewable Energy Directive, so that you can faster scale the hydrogen economy in Europe, and use that to build out the infrastructure”, Simon Herbert, ExxonMobil’s vice-president of low carbon solutions, told the World Hydrogen 2024 conference in Rotterdam last week.
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