5 ways to simultaneously improve living standards and limit global warming

December 29, 2021

Over the past quarter of a century, advances in technology and living standards have enabled more than a billion people to lift themselves out of poverty.

Many more are expected to experience improved lifestyles in the coming decades as emerging economies grow and the global population increases to nearly 10 billion by 2050.

While economic growth reduces poverty, it also increases the consumption of everyday items ranging from toothbrushes to building materials.

To keep global warming below 1.5 degrees Celsius, we need to find new ways to produce these goods, many of which have been built on the back of fossil fuels.

Hydrogen as a replacement for fossil fuels is expected to be the game-changer for such hard-to-abate sectors because it can be burned without emitting CO2. Clean hydrogen can be produced in two ways: splitting water using renewable electricity through electrolysis; or by reforming natural gas and capturing the CO2 generated. Building a market for clean hydrogen is critical to reaching net zero, and many governments globally are making this central to their decarbonization plans.

Read more here.

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