November 30, 2021
5:00 pm - 6:00 pm
The Center on Global Energy Policy hosted an exploration of the role of hydrogen in the energy transition. The discussion focused on the role of low-carbon hydrogen in meeting the world’s climate goals and energy needs, as well as why hydrogen presents a profound business, social, and health opportunity (and how green hydrogen may be cheaper than many fossil fuels within five years). The event featured opening remarks from Marco Alverà, CEO of Snam, and served as the U.S. release of his book, The Hydrogen Revolution.
For years, hydrogen was outcompeted commercially by abundant and cheap fossil fuels which were freely available and not bound to other molecules. Hydrogen was (and is) made mostly from fossil fuels for fertilizer production and refining, contributing to global warming. Recently, low-cost renewable energy, advanced technologies, and commercial tests demonstrating the ability to transport it in some existing pipelines have lowered the cost of producing and using hydrogen for heat, power, and transportation. Hydrogen offers a realistic path to decarbonize and has the potential to displace fossil fuels, even in “harder to abate” sectors. If so, it could rapidly and profoundly lower industries’ carbon burden, boost economic growth, provide greater climate and energy equity, and encourage nations to address climate change collectively.