To comply with the Paris Agreement on climate change, a developing number of countries are setting ambitious greenhouse gas emissions reduction targets for the coming decades to achieve carbon neutrality. Suriname and Bhutan have already become carbon-neutral, largely due to small populations and dense forests absorbing large amounts of carbon dioxide (CO2). Denmark, France, Hungary, New Zealand, Sweden, and the UK have written their net-zero commitments into law. The EU and five other countries which are Canada, Chile, Fiji, the Republic of Korea, and Spain have included net-zero targets in proposed legislation. Almost fourteen states mentioned net-zero commitments in policy documents, and over a hundred other countries are currently discussing potential adoption of net-zero targets. While mid- and long-term climate commitments have become more ambitious in many parts of the world, policymakers are searching for policies and technologies to deliver on announced pledges.
Along with this, the versatility of hydrogen as chemical storage, energy carrier, and raw material for industrial production is compelling for politicians and marketing. Emerging hydrogen use could substantially reduce greenhouse gas emissions in hard-to-abate sectors, particularly steel and cement production, heavy-duty transportation, shipping, and aviation, to potentially help address challenges in balancing intermittent renewables, and reduce air pollution in cities. Furthermore, hydrogen is one of the abundant and simple elements on earth, it appears to be a clean-burning, zero-emission fuel for storing and releasing energy.
In a comprehensive approach, these other realms claim that their patented zero-emissions boiler system could help decarbonize the approximately $30 billion global commercial and industrial heating industry. (1) We couldn’t deny the fact that the world is aggressively approaching net-zero carbon emissions. Fortunately, these other scopes have boiler solution which claim to provide zero emissions while remaining cost-competitive with traditional hydrocarbon boiler systems. Let’s try to squeeze further information here.
Countries across the globe vary greatly in terms of availability of renewable energy resources needed to meet the anticipated potential demand for green hydrogen. According to Bloomberg New Energy Finance (BloombergNEF), China, Japan, the Republic of Korea, South East Asia, and most European countries are likely to face a deficit of renewable power generation capacities due to the lack of sites for further expansion of renewables. At the same time, many countries with vast territories and abundant renewable resources such as Australia and Saudi Arabia could have a surplus of green hydrogen, which could help to meet the potential demand in other countries. As in the case of other commodities, international transactions could help to address these imbalances and benefit both exporters, while supporting GDP development and job creation, and importers in terms of meeting their climate goals. However, for these proposals to become a reality, hydrogen production needs to be scaled-up substantially. As renewables are becoming cost-competitive with fossil fuels in a number of regions around the world, and many policymakers have already shifted to auction-based mechanisms to support large-scale plans, hydrogen technologies are nurturing the subject of discussion as a destination for state subsidies. Whereas current support to hydrogen is limited and mostly focused in the transport sector, policy support measures for other sectors could help to support the uptake of hydrogen technologies.
In an extensive aspect, according to market research, the C&I market for boilers might foster between about 5% to 7% per year over the next seven years, with low and zero-carbon solutions anticipated to outpace commercial markets for heat or hot water as an end-use. Prioritizing renewable hydrogen might be necessary in the short and medium term to reduce greenhouse gas emissions from existing hydrogen production facilities and intensify infrastructure development. Lay eyes on these other sectors as they might be able to focus on advancing the low-carbon energy transition as well as venturing in hydrogen technologies! Follow this link to attain flabbergasting insights.
In conclusion, although hydrogen use is currently limited to onsite industrial applications, there is a potential for a massive scale-up of hydrogen production for other applications which is largely driven by ambitious climate policy. While countries with abundant renewable energy resources could develop hydrogen production and even achieve a surplus, renewable resources of other countries are not enough to meet anticipated domestic potential demand for low-carbon fuels and raw materials. Once technical and economic challenges are resolved, international hydrogen transactions could address potential imbalances and benefit all. Very soon, we could possibly have as clean as a whistle world!
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