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Emerging Hydrogen Industry Can Help Tackle Climate Change, But Managing Complex Risks Is Key: Allianz NEW YORK (BUSINESS WIRE) Promoted by governmental funding programs worldwide, hydrogen is predicted to play a leading role in the energy transition towards a low-carbon economy. As an alternative to fossil fuels like oil and coal, hydrogen solutions could be key for tackling climate change in the future, helping many industries to reduce their carbon emissions. While hydrogen technology has been in use for decades, currently planned mega projects require a scaling up of risk management. A new bulletin from Allianz Global Corporate & Specialty (AGCS) highlights some of the opportunities and challenges of the emerging hydrogen industry, stressing that potential risks around the production, storage and transportation of hydrogen – most notably fire and explosion but also technical failure and business interruption – need to be proactively managed. ....
Emerging Hydrogen Industry Can Help Tackle Climate Change, But Managing Complex Risks is Key: Allianz 105 Driven by climate change, the possibilities of energy storage, use as a fuel and ultimate replacement for reliance on coal and oil, hydrogen has the potential to morph from a niche power source into big business. New bulletin from AGCS highlights operational risks that need to be addressed in hydrogen projects, including fire and explosion hazards, impact of embrittlement and business interruption exposures. AGCS sees increasing demand for insurance coverage for hydrogen solutions in future. NEW YORK (BUSINESS WIRE) #climatechange Promoted by governmental funding programs worldwide, hydrogen is predicted to play a leading role in the energy transition towards a low-carbon economy. As an alternative to fossil fuels like oil and coal, hydrogen solutions could be key for tackling climate change in the future, helping many industries to reduce their carbon emis ....
Cape Business News April 29, 2021 Emerging hydrogen industry can help tackle climate change, but complex risks need managing Source: Google Images Hydrogen is predicted to play a leading role in the energy transition towards a low-carbon economy. As an alternative to fossil fuels like oil and coal, it could be key for tackling climate change in future, helping many industries to reduce their carbon emissions. While hydrogen technology has been in use for decades, currently planned mega projects require a scaling up of risk management around production, storage and transportation of hydrogen. “Hydrogen (produced from low-carbon or even renewable energies) is of growing importance for the substitution of fossil fuels in the fields of energy, supply, mobility and industry. It has the potential to morph from a niche power source into big business, with countries committing billions to scale up their infrastructure and with projects being introduc ....
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