China and India will have a bright future in green energy and, in particular, in the production of hydrogen, the Center for Strategic and International Studies (CSIS) said, CNBC reported.
Jane Nakano, a senior researcher at the center, is confident that countries can become world leaders in this area, but the industry has a long way to go.
“Clean” hydrogen is still too expensive to produce, and the industry as a whole is in its infancy. At the same time, Nakano noted that China, like many countries, still produces and consumes so-called “grey” hydrogen – a type of hydrogen obtained from natural gas and fossil fuels. It is the least renewable form of fuel.
According to a recent CSIS report, China is currently the largest producer of hydrogen, with a production volume of around 33 million tons per year. Most of this volume is produced from fossil fuels.
India, for its part, plans to produce five million tons of green hydrogen annually by 2030. However, almost all hydrogen produced in the country is still “grey.”
Dmitry Kholkin, director of the EnergyNet infrastructure center of the National Technology Initiative (NTI), said that by the middle of the 21st century, the global energy system could be completely transformed.
According to him, it will be able to combine renewable energy sources, and nuclear and hydrogen segments.