More needed in hydrogen investment among governments, private sector to meet emission goals
October 4, 2021 By Canadian Biomass
Investments in hydrogen production and storage chains need to be stepped up by world governments in order to help cut net emissions to zero, the International Energy Agency (IEA) has warned.
It’s estimated that $1.2 billion is required to develop and deploy hydrogen, but only about a quarter of the funding has come from states and private investors.
Although hydrogen’s attributes – it is light, able to be stored, energy-dense and produces no direct harmful emissions when used as a fuel – are many, the costs associated with its production and concerns about how it is produced have become obstacles in its expanded use.
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