Business
Gas sector bets on hydrogen as Australia targets ‘net zero’ emissions – Sydney Morning Herald
Oil and gas giants are pushing hydrogen over electrification as the lowest-cost path to reducing the industry’s carbon footprint by 2050.
“Policy settings aimed at reducing emissions should recognise that continuing to use gas infrastructure is the lowest-cost option to reach net-zero emissions from the energy sector by 2050.”
Hydrogen, which burns cleanly and emits only water, is touted as a growth industry in the energy sector, both for its potential application as an alternative fuel for industrial processes that require high heat, and for its ability to soak up and store energy from renewable sources such as wind and solar.
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