Introduction to Hydrogen Economy and Hydrogen as a Sustainable Energy Carrier
Synopsis
The hydrogen economy represents a great transformation in how we produce, store, and use energy globally. It is not merely a technological shift but a comprehensive restructuring of energy systems, markets, and international trade. Hydrogen, a versatile energy carrier, is increasingly recognised as a key enabler in the global effort to decarbonise sectors that are difficult to electrify, such as heavy industry and long-distance transportation. At its essence, hydrogen serves as a clean energy carrier that can be produced from various sources and used across multiple applications. Unlike conventional energy sources, hydrogen's unique properties make it particularly valuable in transitioning to sustainable energy systems. When used in fuel cells, hydrogen produces only water as a byproduct, making it an attractive option for reducing greenhouse gas emissions. The International Energy Agency's Global Hydrogen Review 2023 estimates that hydrogen could contribute up to 20% of the total carbon emissions reduction needed to achieve net zero by 2050, particularly in sectors where direct electrification is challenging.
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