Deloitte’s new economic analysis shows how green hydrogen can play a paramount role to achieve net-zero targets by 2050. It can give us a second chance to decarbonise the planet, overcoming existing limitations and challenges posed by fossil fuels and technologies that add to greenhouse gas emissions.
According to this analysis, governments, executives, researchers, and other parties around the world are looking to accelerate the ongoing energy transition to reach carbon neutrality. Aligning economies with the targets laid out in the Paris Agreement—limiting global warming to well below 2 °C, while pursuing efforts to limit the increase to 1.5 °C – means replacing legacy systems powered by fossil fuels with low-carbon energy sources such as renewables.
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