I recently heard a politician say that the hydrogen economy is still 20 years away - due to the cost that companies like Shell, BP etc would face in developing the technology eg the expense of R&D and the cost of installing the infrasture to make H2 widely available.
Sadly this was also echoed by an industry insider.
Well, if commercial entities as large as Shell and BP are hesitant to invest (whatever the real reason behind their procrastination) and as a result there is a 20 year time lag until we get clean motoring, then....
Q: Isn't this a perfect example of where a nationalised industry should be created? (Very much like the nuclear power industry was created in this country in the second half of last century.) Why can't the Government do that again with the Hydrogen economy? The UK has the money needed to invest; and the right people, to make this a reality. The technology export potential is huge and once installed and functioning here, we could privatise it!
2006-11-26
21:31:31
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3 answers
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asked by
Moebious
3
in
Economics