Big Oil’s Long Bet on Hydrogen Offers a Climate Lifeline
On particularly cold winter days, the vast majority of the U.K.’s energy comes from burning natural gas. That arrangement will have to change radically—and soon—if the country is to hit its legally mandated target of net-zero emissions by 2050. As other countries adopt similar targets to align with the Paris climate agreement, they too will have to find an alternative to natural gas. That leaves fossil fuel companies with a ticking clock.
“Some oil and gas majors see it as a lifeline,” says Rachel Kyte, dean of the Fletcher School at Tufts University and former special representative on sustainable energy at the United Nations. “Now you need regional governments to take the helm and drive it forward.”