Put global price on carbon to drive hydrogen economy – Air Products
Governments should focus their resources on promoting consumption, says CEO Seifi Ghasemi at Cop26
The simplest and most effective way to incentivise the growth of a hydrogen economy is to put a global price on carbon, according to Air Products CEO Seifi Ghasemi. Governments should not focus their efforts on stimulating supply, as firms can do that without state support, said Ghasemi at a Cop26 side event. “Governments should focus their resources on promoting consumption—truck companies, shipping companies, steel companies,” he said. “The most effective way to do that is a controversial thing no-one is talking about—a global carbon tax.” 10,000t/d – Air Products’ hydrogen production Such a move is not under discussion at Cop26, although China, the EU, South Korea, Switzerland and
Also in this section
27 November 2024
The clean hydrogen sector has endured a difficult year, but it will end 2024 better equipped to fulfil its long-term potential
27 November 2024
The agreement by the parties to raise at least $300b/yr for developing countries by 2035 was derided as a betrayal by the Global South, but the UN urged pragmatism
26 November 2024
Green hydrogen presents unique costs challenges as government looks to replicate country’s long-standing success as an exporter of iron ore and other natural resources
22 November 2024
The Energy Transition Advancement Index highlights how the Kingdom can ease its oil dependency and catch up with peers Norway and UAE