this post was submitted on 05 Jul 2024
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I don't understand this suspicion. It's easier to burn fossil fuels for electricity than to reform them into hydrogen.
Well yeah but they know their days of selling that are numbered, at least for lots of markets. If they can get people onto hydrogen they've got more money coming in for decades.
Their days aren't numbered until governments actually say so. In the meantime, non-GHG emitting sources supply less than half of the world's electricity as is, nevermind the hypothetical demand of a predominantly electrified vehicle fleet.
Governments and markets are saying so.
But they can still sell hydrogen, they can't really sell solar panels. Even encouraging people to keep burning things (like hydrogen) benefits gas since it slows down electric alternatives to gas heating.
They don't have to sell hydrogen or solar panels. They'll just keep selling fuel to power plants.