In today's automotive landscape, hybrid hydrogen fuel cell cars are outpacing electric vehicles in sales. While we're still in the nascent stages of widespread adoption of green and blue hydrogen, advancements in hydrogen production technology are swiftly progressing. The aim? To create enough capacity to supplant oil within a mere 15 years. However, a significant hurdle looms: the hefty $1.5 million price tag attached to constructing a hydrogen fueling station, particularly daunting for local commuters seeking everyday access.
Consider the United States alone, where an estimated 500,000 hydrogen fueling stations would be needed. The projected cost to erect such an infrastructure hovers around $650 billion invested over a ten year period. And despite this financial barrier, remarkable strides have already been made in hydrogen energy, with applications extending beyond consumer vehicles to encompass commercial trucks, ships, aircraft, and trains. The burgeoning commercial hydrogen production market presents promising investment opportunities writes blogger, James Dean.
Yet, the widespread adoption of purely hydrogen vehicles for daily consumer use remains hampered by infrastructure costs, especially the need for widespread fueling stations throughout the USA. Watch Forbes Video Details on Green Hydrogen ...
Meanwhile, the world is witnessing an alarming increase in extreme weather phenomena such as tornadoes, flooding, earthquakes, wildfires, and hurricanes. Recent data indicates that 3.6 billion people worldwide reside in regions highly susceptible to climate change-induced hazards. The toll on public health is equally dire, with annual healthcare costs in America alone surpassing $250 billion due to air and water pollution-driven climate change.
Adding to these concerns is the sobering reality that an estimated one million animal and plant species are currently facing extinction due to climate change-related impacts. Reports from Stanford University highlight the accelerating pace of extinction, underscoring the urgent need for action. Watch Video Sixth Mass Extinction, it's Happening Now ...
Numerous studies underscore the economic imperative of transitioning to renewable, clean energy sources. The cost of this transition worldwide is estimated at $6 trillion, a figure dwarfed by the projected economic toll of $38 trillion if we continue to rely on polluting energy sources. The repercussions of climate change are predicted to shave 17% off the global GDP by mid-century, underscoring the urgency of action (Note Research 2024).
The choice is clear: investing in a cleaner, healthier planet not only benefits future generations but also makes economic sense in the long run. The failure of global leadership to heed these warnings and transition away from polluting energy sources has left us facing a critical juncture. Without swift and decisive action, our descendants may inherit a world akin to the dystopian landscapes depicted in films like "DUNE" — a world marked by resource scarcity, geopolitical strife, and environmental instability.
It's time for a paradigm shift, one that prioritizes collaboration, foresight, and sustainable practices. The future of our planet and its inhabitants hangs in the balance, and the time to act is now. But it will require collaboration and unselfish compromise for the future.
About Author
James E Dean, author / eBusiness expert is located in Northeast Ohio with over 35 years of experience in Business Development. He is a graduate of Boston University. J Dean leads a team helping entrepreneurs, corporations and non-profits to succeed in a changing world. Questions contact 440-596-3380 or Email jdean@entangledvibrations.com Â