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18 July 2023

Hydrogen Is the Future—or a Complete Mirage

Adam Tooze

With the vast majority of the world’s governments committed to decarbonizing their economies in the next two generations, we are embarked on a voyage into the unknown. What was once an argument over carbon pricing and emissions trading has turned into an industrial policy race. Along the way there will be resistance and denial. There will also be breakthroughs and unexpected wins. The cost of solar and wind power has fallen spectacularly in the last 20 years. Battery-powered electric vehicles (EVs) have moved from fantasy to ubiquitous reality.

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