Browsing: Analysis

For a variety of industries, sectors, and end-use applications, hydrogen may be the only viable decarbonization alternative. Costs are still high, but this might alter drastically over the next decade as international interest rises as demand and supply side variables, such as increasing carbon pricing, increase.

In the green transition, hydrogen will play a critical role. By 2050, the EU expects that hydrogen will account for 10 to 24% of total energy consumption. While electric cars are projected to dominate the passenger car industry, hydrogen is predicted to play a significant part in the greening of freight transportation.

The current account deficit is clearly one of Turkey’s most pressing and urgent issues. Energy is the largest component of the current account deficit. Ankara, which has explored a variety of options to lessen energy reliance on foreign sources, has recently come to the fore with its efforts in the sector of renewable energy.