BAKU, Azerbaijan, Nov. 28
By Anastasia Savchenko – Trend:
The cost of production of gaseous hydrogen by using renewable energy sources will sharply drop in the coming decades, which will make one of the most radical greenhouse gas emission reduction technologies cost-effective, director of Eurasia Analytics consulting company Gulmira Rzayeva told Trend.
The director of the company stressed that the most optimistic scenario for hydrogen production by 2050 is 100 billion cubic meters.
“Hydrogen will have a great impact on the gas industry, as much attention is paid to its production in Europe as an environmentally friendly type of fuel,” Rzayeva said. “Many factors must be combined for the development of the ‘hydrogen economy’.”
“The costs will decrease while demand will increase through the state support and an increase in the volumes,” the expert said.
The alternative energy sources are renewable resources, they replace traditional energy sources operating on oil, natural gas and coal, which, while burning, emit carbon dioxide into the atmosphere, which contributes to the growth of the greenhouse effect and global warming.
The reason for the search for alternative sources of energy is the need to receive it from the energy of renewable or practically inexhaustible natural resources and phenomena. Such factors as environmental friendliness and profitability are also taken into account.
Gaseous hydrogen is obtained through electrolysis of water with electricity that was generated by a renewable energy source.
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