One of Australia’s richest men, steelmaker Andrew Forrest, believes green hydrogen will become the biggest source of energy in the world by mid-century, and rejects blue (natural gas based) hydrogen as a “false solution”. Energy consultancy DNV, in its annual Energy Transition Outlook, sees a continued role for blue hydrogen – and is much less upbeat on hydrogen’s prospects. [Gas in Transition, Volume 1, Issue 6]
Synopsis
The Nikkei share average ended 0.35 per cent lower at 28,860.80, while the broader Topix was down 0.28 per cent at 1,957.14.
AP
The Topix s sea transport subsector was the biggest decliner, sliding 3.33 per cent, following its surge to the highest in more than a decade.
TOKYO: Japanese equities closed lower on Wednesday, on profit-booking in shippers and semiconductor stocks, with investors awaiting US inflation data as it could influence how soon the Federal Reserve pares its stimulus programme. Financial firms and insurers declined after a retreat in long-term US Treasury yields dampened the outlook for returns on their portfolios. Eisai Co, however, surged 16.26 per cent, rising by the daily limit for a second straight session after its Alzheimer s drug received a nod from US regulators on Monday.