China just needs to enhance the pace of use of renewable energy sources while avoiding a drop in the amount of wind and solar energy resources utilized to develop a “new energy system.”
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It is predicted that green hydrogen production in Turkey can reach 3.4 million tons in 2050 and Turkey can export green hydrogen. It is calculated that the contribution of green hydrogen to the national economy will be 6-8 billion dollars annually in 2050.
Researchers have developed a new photocatalyst made from an airgel that could enable the efficient production of hydrogen in the future. This is made possible by a sophisticated treatment of the airy material.
According to Fitch, Australia has a robust electrolyzer pipeline of roughly 29,000MW at the moment. “We expect the pace of hydrogen research to continue, given that demonstrations to export hydrogen, conducted in conjunction with Japan, have made significant progress and demonstrated commercial feasibility,” the statement stated.
The European Union (EU), for example, aims to be carbon neutral by 2050 and seeks a net-zero economy through European Green Deal programs.
The globe is rapidly pivoting towards new, non-fossil-fuel dependant energy sources in the aftermath of the IPCC Assessment Report 6 and the COP26 global climate summit.
Germany, which has been a leading proponent of hydrogen-based decarbonization under Merkel’s leadership, is speeding up its hydrogen program.
States are turning to renewable energies in order to meet targets such as emission reduction or decarbonization, as well as to meet the energy needs of countries and reduce their dependence on foreign sources.
For this reason, the government has now initiated two public consultations to determine which projects would get the 555 million euros in funding planned for this sector.
As part of Anglo American’s aim to achieve carbon neutrality in mining and processing activities by 2040, this renewable energy will be turned into hydrogen.
