Don’t be fooled by ‘quick sound bites’ when it comes to clean energy sources, says Fortescue chairman

Don’t be fooled by ‘quick sound bites’ when it comes to clean energy sources, says Fortescue chairman

Before making judgments, governments must look beyond catchphrases like “clean hydrogen” and learn about the research underpinning renewable energy sources, according to Fortescue chairman Andrew Forrest. “I’m asking them to conduct intellectual research and analysis.” “Just don’t fall for the fast sound bites such as ‘clean hydrogen,’ as we have in Australia and internationally,” Forrest said on CNBC’s “Squawk Box Asia”.

“It’s like clean coal or even cancer-free tobacco,” he said, adding that policymakers should consider emissions from unplanned or accidental leaks, as well as the effect of methane being in the atmosphere as well as carbon within the next two decades.

What is the definition of “clean hydrogen”?

As per the International Energy Agency, hydrogen is a “versatile energy carrier” that can help fulfil a variety of energy difficulties. It can be used in a variety of industries to help cut emissions, including long-haul transportation, chemicals, and iron and steel.

Hydrogen can be made in a variety of ways and with nearly any energy source; one method is electrolysis, which involves splitting water into hydrogen and oxygen using an electric current. Some people refer to hydrogen as “green” or “clean” if the electricity originates from a renewable source like solar or wind. Even though demand for hydrogen has increased by more than thrice since 1975 and keeps climbing, the International Energy Agency (IEA) claims that practically all of it is produced by burning fossil fuels. As per the International Energy Agency, the generation of hydrogen emits roughly 830 million tonnes of the carbon dioxide annually, which is similar to emissions of the United Kingdom and Indonesia combined.

“If you really intend to avoid global warming in the next 20 years, when it will be most dangerous,” Forrest added, “then we need to start pushing green hydrogen right away.” According to Forrest, the fossil fuel industry is also pushing for carbon sequestration, which is the act of collecting and storing the atmospheric carbon dioxide to combat global warming. However, he claims that the majority of these initiatives fail. It is important to remember that the Stone Age did not end because we ran out of stones; we must not forget that the [renewable energy] is a superior fuel source.

The world’s leading climate researchers issued their most stern warning yet about the escalating global danger this year.  Without immediate, quick, and large-scale cutbacks in greenhouse gas emissions, reducing global warming to close 1.5°C or perhaps 2°C above the pre-industrial levels “will be beyond reach” in the next two decades, according to the United Nations’ climate panel’s much-anticipated report. The 1.5°C threshold is critical because any variation in the climate system beyond this point could be irreversible, locking in further global warming.

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