· 2 min read
illuminem summarizes for you the essential news of the day. Read the full piece on Euractiv or enjoy below:
🗞️ Driving the news: The article discusses the growing interest in green ammonia as a low-carbon fuel, highlighting its potential to contribute significantly to the global transition to net zero
• It covers the increase in demand for green ammonia in Europe, its cost-effectiveness compared to other hydrogen carriers, and its diverse applications, including in the maritime sector and industrial technologies
🔭 The context: Amidst the global shift from fossil fuels, following the COP28 agreement, industries are exploring greener technologies
• Green ammonia emerges as a leading alternative, supported by international efforts to ensure its sustainability, safety, and affordability
• This shift is driven by the need to decarbonize hard-to-abate sectors and the quest for a secure and affordable energy supply
🌍 Why it matters for the planet: Green ammonia's potential to decarbonize industries and its role in a cleaner maritime sector can drastically reduce emissions, aiding in the fight against climate change. Its development and adoption align with global ambitions to minimize environmental impact and foster a sustainable, carbon-neutral future
⏭️ What's next: With the Japanese Government and IHI Corporation working towards establishing international standards for green ammonia's safe use, Europe is poised to play a key role in its global value chain
• This includes the adoption of green ammonia in energy mixes, infrastructure adaptation, and the reduction of carbon dioxide emissions across various sectors
📈 One stat: The ammonia market is expected to triple by 2050, with the majority of demand coming from Europe and Asia
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