Chevron Report: Boosting Hydrogen to Achieve US Climate Goals
Key Ideas
- A committee of 200 experts released a report recommending ways to advance hydrogen solutions in the US to meet climate goals.
- The report highlights the potential of low carbon intensity hydrogen to reduce emissions by 8% and save $160-260 billion annually by 2050.
- Recommendations in the report cover policy, societal impacts, safety, and technology development to support the growth of hydrogen.
- The study emphasizes the importance of collaboration and coordination among various industries and organizations to drive innovation in the hydrogen sector.
A committee comprising over 200 experts from diverse backgrounds recently released a comprehensive report, commissioned by the National Petroleum Council, on expanding hydrogen solutions to aid in achieving US climate goals. The report recommends policy changes, technological advancements, and best practices to enhance social acceptance and scale up the hydrogen system. By utilizing low carbon intensity hydrogen, the US could potentially reduce carbon emissions by 8% and save $160-260 billion annually by 2050. The report includes findings and recommendations on policy and regulation, societal impacts and safety, and technology and research development. Chevron's Chairman and CEO, Mike Wirth, emphasizes the significance of the report, reflecting insights from various industries and enabling innovation in the hydrogen ecosystem. The successful collaboration of experts from outside the oil and gas industry underscores the importance of coordination to drive progress in hydrogen deployment. The report's recommendations are expected to guide policymakers, companies, and stakeholders planning large-scale hydrogen projects, supporting the US in reaching its net-zero greenhouse gas emissions target by 2050.
Topics
Policy
Technology
Research And Development
Government
Climate Goals
Environmental Organizations
Energy Industry
Coordination
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