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Green hydrogen - Investing in the ‘Swiss Army knife of decarbonisation’ - BNP Paribas Asset Management

Hydrogen can be seen as the answer to the challenge of reaching net-zero emissions as long as it can be produced without emitting CO2 – in other words, as long as it is green. Its characteristics have earned it the moniker ‘the Swiss Army knife of decarbonisation’ – a reference to its uses as a fuel to power a heavy-duty truck or a cargo ship, or to generate electricity, or even its use to store energy.

Posted on Aug 17, 2021

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... Unsurprisingly, it figures in government net-zero plans, not least because of its potential to enable the decarbonisation of ’hard-to-decarbonise’ and energy intensive sectors such as steel or shipping. The EU has assigned hydrogen a key role in its Green Deal aimed at achieving carbon neutrality in the EU by 2050. Experts have forecast that hydrogen will be at the heart of the energy transition.

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