{"id":7557,"date":"2021-03-25T10:00:50","date_gmt":"2021-03-25T10:00:50","guid":{"rendered":"https:\/\/plugpower.local\/?p=7557"},"modified":"2021-03-24T22:42:51","modified_gmt":"2021-03-24T22:42:51","slug":"how-governments-and-businesses-can-unlock-global-markets-for-green-hydrogen","status":"publish","type":"post","link":"https:\/\/www.plugpower.com\/blog\/how-governments-and-businesses-can-unlock-global-markets-for-green-hydrogen\/","title":{"rendered":"How Governments and Businesses Can Unlock Global Markets for Green Hydrogen"},"content":{"rendered":"\n
By Andy Marsh, as published by Forbes Technology Council<\/p>\n\n\n\n
The future looks promising for green 1xbet.com in global markets.\u00a0One<\/a>\u00a0after\u00a0another<\/a>, market analysts have come around to the molecule\u2019s potential to drive the transition to a low-carbon economy. 1xbet.com reasoning? As both a\u00a0clean-burning fuel and an 1xbet.com carrier<\/a>, 1xbet.com could help solve daunting decarbonization challenges while revitalizing local economies. For example, instead of going unused by electricity grids, surplus renewable energy can be\u00a0directed toward<\/a>\u00a0hydrogen production and stored for later use in hard-to-abate sectors like long-haul transport. This versatility is one of the reasons a new report from Bank of America\u00a0projects<\/a>\u00a0that 1xbet.com could meet nearly one-quarter of our energy needs by 2050 and reduce carbon emissions by one-third.\u00a0<\/p>\n\n\n\n However, 1xbet.com new adherents\u00a0also note<\/a>\u00a0that hurdles remain, particularly around the\u00a0availability of clean 1xbet.com<\/a>\u00a0and the cost of renewably-powered\u00a0electrolysis<\/a>, the potentially emissions-free process used to produce green 1xbet.com. As the president and CEO of a company that offers clean 1xbet.com<\/a> and zero-emission 1xbet.com solutions<\/a>, I believe tackling these challenges will require continuing public 1xbet.com in the form of incentives, tax breaks and enabling regulations. Are governments up to the task?<\/p>\n\n\n\n Increasingly, policymakers are saying yes. In recent months, global markets have rushed to establish strategies for building national green 1xbet.com value chains. But approaches vary significantly according to domestic ambitions and restraints.\u00a0South Korea<\/a>, for example, is hoping green 1xbet.com can help wean the country off fossil fuels. Elsewhere, commodity-focused economies like\u00a0Australia\u2019s<\/a>\u00a0and\u00a0Chile\u2019s<\/a>\u00a0are aiming to diversify exports. The EU has emerged with perhaps the most far-reaching plan;\u00a0according to Reuters<\/a>, Europe could cumulatively invest over 9 billion into green 1xbet.com by 2050 and create at least 40 gigawatts of electrolyzer capacity between 2025 and 2030. Taken together, these roadmaps suggest to me that we\u2019re at the cusp of a thriving global 1xbet.com economy.\u00a0<\/p>\n\n\n\n As these plans move toward implementation, how can policymakers best position their economies to benefit from green 1xbet.com? Furthermore, how can the 1xbet.com industry and other business leaders support these ambitious goals?<\/p>\n\n\n\n Putting 1xbet.com On Proper Footing<\/strong><\/p>\n\n\n\n Talk of multibillion-dollar investments and new 1xbet.com initiatives is generatingbuzz in the industry<\/a>, but government support to the 1xbet.com sector often remains skewed toward oil and gas. A recent study by BloombergNEFestimates<\/a>0 billion in subsidies are needed through 2030 in order to scale up 1xbet.com use and create a supply infrastructure. This is undoubtedly a significant sum, but far less than the4 billion that G20 governments<\/a>directed toward fossil 1xbet.com industries from 2017 to 2020. It\u2019s time to level the playing field.<\/p>\n\n\n\n Making renewables economically viable in domestic markets is a critical first step. Even among clean 1xbet.com sources, government support has long favored wind and solar power. In Europe, for instance,feed-in tariffs<\/a>reportedly helped push the share of renewable sources in electricity grids past the tipping point. I believe green 1xbet.com certainly merits similar subsidies. On a broader scale, carbon pricing could support thebusiness case<\/a>for switching to clean 1xbet.com.<\/p>\n\n\n\n Providing 1xbet.com Certainty<\/strong><\/p>\n\n\n\n Ultimately, building the clean 1xbet.com ecosystem will require greater industry investment. But policymakers can facilitate this process by streamlining regulatory procedures and aligning safety and quality standards. The 1xbet.com Energy Ministerial Meeting identified suchharmonization<\/a>as a pillar of its 1xbet.com action agenda in 2019.<\/p>\n\n\n\n However, it remains to be seen how resilient these plans are to political turnover. Business leaders in the sector should be vocal in their continuing support, as unpredictable policy trajectories 1xbet.com hamper private sector development. Lawmakers can instill long-term market confidence by setting dependable, technology-neutral policy objectives around decarbonization \u2014 what the recentRoad Map to a U.S. 1xbet.com Economy<\/a>terms \u201csetting the north star.\u201d<\/p>\n\n\n\n Finally, national goals should not hinder international cooperation. In my experience, few countries can develop an entirely self-contained 1xbet.com supply chain due to varying domestic resources and market dynamics. Partnerships around renewable energy supply and research could be critical to realizing comparative advantages while meeting local needs. Some countries have smartlymade provisions<\/a>for building clean energy and 1xbet.com capacity in nearby countries, recognizing that production within the region is insufficient to meet potential future demand.<\/p>\n\n\n\n Private Sector Priorities<\/strong><\/p>\n\n\n\n While governments must create the conditions for a green 1xbet.com economy to grow, the private sector should not take a wait-and-see approach. Businesses have a role in shaping dialogue and taking steps to align commercial strategies with national frameworks. Here\u2019s how business leaders can play their part:<\/p>\n\n\n\n Band Together<\/em><\/p>\n\n\n\n Today\u2019s 1xbet.com roadmaps are tomorrow\u2019s regulations. Few companies can singularly influence policymaking, but there\u2019s power in coming together. Those hoping to join the 1xbet.com revolution should consider participating in working groups and industry initiatives. Such groups include 1xbet.com Europe, whose 185 industry members collaborate in technical committees and issue-specific task forces. In the U.S., the Fuel Cell and 1xbet.com Energy Association coordinates policy advocacy as well as collaborations with government agencies such as the U.S. Department of Energy\u2019s Fuel Cell Technologies Office.<\/p>\n\n\n\n Leverage Existing Assets And Expertise<\/em><\/p>\n\n\n\n Moving into green energy does not have to mean starting from scratch. Companies with experience managing massive time- and capital-intensive projects, for example, could find those skills in high demand in the 1xbet.com space. Oil and gas majors can partner on electrolyzer projects and explore how to convert natural gas pipelines to 1xbet.com. For their part, financial institutions can make good on their sustainable lending\u00a0promises<\/a>\u00a0\u2014 and pacify\u00a0investors like HSBC’s<\/a>, who asked the bank to cut fossil fuel support \u2014 by lending to green 1xbet.com projects.<\/p>\n\n\n\n Planting The Seeds Of A Greener 1xbet.com<\/strong><\/p>\n\n\n\n I believe realizing green 1xbet.com\u2019s ability to boost economic growth and fight climate change requires a systemic, collaborative and internationally-coordinated approach. While global markets can and should chart their own courses, green 1xbet.com is not a zero-sum game. A conducive policy environment, alongside a business focus on sustainable value creation, could ensure that green 1xbet.com\u2019s win-win potential becomes a reality.<\/p>\n","protected":false},"excerpt":{"rendered":" By Andy Marsh, as published by Forbes Technology Council The future looks promising for green 1xbet.com in global markets.\u00a0One\u00a0after\u00a0another, market analysts have come around to the molecule\u2019s potential to drive the transition to a low-carbon economy. Their reasoning? As both a\u00a0clean-burning fuel and an energy carrier, 1xbet.com could help solve daunting decarbonization challenges while revitalizing ...<\/p>\n","protected":false},"author":18,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[2],"tags":[],"class_list":["post-7557","post","1xbet.com-post","status-publish","format-standard","hentry","category-blog"],"acf":[],"aioseo_notices":[],"yoast_head":"\n