{"id":344332,"date":"2020-03-31T10:44:39","date_gmt":"2020-03-31T05:14:39","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=344332"},"modified":"2020-03-31T10:44:01","modified_gmt":"2020-03-31T05:14:01","slug":"carbon-free-hydrogen-production-needs-multi-billion-dollar-subsidies-to-make-it-cost-effective-research","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/carbon-free-hydrogen-production-needs-multi-billion-dollar-subsidies-to-make-it-cost-effective-research\/","title":{"rendered":"Carbon-free hydrogen production needs multi-billion dollar subsidies to make it cost effective: research"},"content":{"rendered":"<p>FRANKFURT: The falling cost of producing hydrogen from renewable power offers a promising route to cutting emissions, but governments need to step in and provide $150 billion of subsidies over the next decade to scale up the technology, according to research from Bloomberg New Energy Finance (BNEF).<\/p>\n<p>Renewable hydrogen can be made by splitting water into hydrogen and oxygen, using electricity generated by cheap wind and solar power.<\/p>\n<p>The technology to do this is currently funded by companies, but BNEF estimates that if governments worldwide were to provide $150 billion in funding over the next 10 years &#8211; less than half the amount currently spent on subsidies for fossil fuel consumption &#8211; that would help halve the cost of producing hydrogen from renewable energy sources.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>FRANKFURT: The falling cost of producing hydrogen from renewable power offers a promising route to cutting emissions, but governments need to step in and provide $150 billion of subsidies over the next decade to scale up the technology, according to research from Bloomberg New Energy Finance (BNEF). Renewable hydrogen can be made by splitting water into hydrogen and oxygen, using electricity generated by cheap wind and solar power. The technology to do this is currently funded by companies, but BNEF estimates that if governments worldwide were to provide $150 billion in funding over the next 10 years &#8211; less than [&hellip;]<\/p>\n","protected":false},"author":40,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[130,239,136],"tags":[],"class_list":["post-344332","post","type-post","status-publish","format-standard","hentry","category-newspapers","category-power-the-economic-times","category-the-economic-times"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/344332","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/40"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=344332"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/344332\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=344332"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=344332"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=344332"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}