Price action, page-3111

I have a feeling that the rush to get into hydrogen is more about expediency than it is about economics.

To achieve the carbon targets that have been set, an energy medium that can be used to create electricity (fuel cells), mobility fuel, heat, industrial processes, etc has to play a major role in the energy transition..

Hydrogen can do all of those things but not as cheaply as renewable energy (in most cases).

Hazer may be the exception through sale of by-products and carbon credits.

Many of the world’s richest countries have set targets for 2030 that would be impossible to achieve just by building solar and wind farms.

Left with little other choice, the richest countries have turned to the hydrogen economy as a means to achieving those targets.

Desperate times call for desperate measures.

Governments, Green Funds, United Nations, the World Bank, Asian Development Bank, etc will throw as much money as it takes to save us from being toasted.

Joe Biden knows this and looks set to create worldwide hydrogen and renewable economies (with the help of other world leaders).

The alternative is to do nothing and risk the people from some of the world’s most populated countries becoming climate refugees.

Nine years is not a long time, from 2022 onwards things are going to get very busy.


https://sdgs.un.org/news/proposed-global-roadmap-shows-how-universal-access-sustainable-energy-can-be-achieved-2030