In the not-too-distant future, America could be powered by hydrogen, the New York Times reports.
A study published in the Journal of the American Chemical Society estimates that by 2030, the US could have enough hydrogen to power itself, as well as produce enough to power itself and fuel its entire economy.
The problem is that hydrogen isn't the primary fuel it's supposed to be.
In fact, it's an energy carrier that requires energy to produce.
"The process of devoting financial and clean energy resources to create hydrogen for applications where it is not optimal will detract from carbon abatement efforts," writes Michael Liebreich at Bloomberg New Energy Finance in a post at Medium.
That's because, as the Times points out, "in a net-zero world, estimates like those provided by the International Renewable Energy Association (IRENA) and the Hydrogen Council forecast the chemical will supply between 12 and 20% of world final energy demand."
In short, it's not a great idea.
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Ganesh Natarajan is the Founder and Chairman of 5FWorld, a new platform for funding and developing start-ups, social enterprises and the skills eco-system in India. In the past two decades, he has built two of India’s high-growth software services companies – Aptech and Zensar – almost from scratch to global success.