Hydrogen on a high
The study, commissioned by API and conducted by ICF, found that hydrogen produced from natural gas with carbon capture and produced from electricity and other energy sources could eliminate an additional 180 million metric tons of greenhouse gas (GHG) emissions on average per year through 2050 and save over $450 billion (€412 billion) cumulatively through 2050, when hydrogen incentives are uniformly provided based on per ton of GHG emissions reduced.
“Our industry is committed to advancing innovative technologies like low-carbon hydrogen, which are crucial to reducing GHG emissions economy-wide,” said API vice-president of corporate policy Aaron Padilla.
“Working together with policymakers to incentivise all forms of low-carbon hydrogen and accelerate hydrogen production through programmes under the Bipartisan Infrastructure Law, we can drive down emissions while ensuring American consumers have access to the reliable energy they need.”
API analysis of the study’s...