Renewable Energy: Asia’s hot spots for green hydrogen
Asian countries are making a mark in renewable energy for lower to zero carbon footprint, with green hydrogen, says Angelica Buan in this article
Going net-zero: the society’s impossible dream?
A net-zero economy appears to be a Utopian future where everything is balanced and there is no climate issue. However, the push for a net-zero economy has never been more urgent than now.
In a net-zero scenario, total greenhouse gas (GHG) emissions, such as carbon dioxide (CO2), are countered by measures that either eliminate or capture an equivalent amount of CO2 from the environment. The use of renewable energy could help the world move to a net-zero economy.
With a steady reduction in carbon emissions, it is predicted that by 2050, coal energy production, which accounts for a fifth of worldwide GHG emissions, will practically disappear, but electricity consumption would more than double.
To meet the rising demand for electricity, renewable energy output is likely to rise. According to McKinsey‘s report titled The Netzero Transition: What it Would Cost, What it Could Offer, production of hydrogen and biofuels would rise more than tenfold between 2021 and 2050. Other industries, for example those that manage carbon with carbon capture and storage technologies, could also grow.
