Our world today is in an age of unprecedented change, one where the need to protect our environment is a global societal concern. We envision a future where industry can meet growing energy demands in an environmentally sustainable way. And, we’re already seeing this take place. Hydrogen and fuel cells have a real potential to be an important part of the solution.
Growing populations, urbanization, and e-commerce have place greater demands on our needs for power, heat, and fuel, resulting in severe impacts to our environment including rising sea levels, increased heat waves, droughts, and wildfires. Yet today, 80% of the energy our world uses are carbon-based fuels and technologies that continue to disrupt our climate.
Climate change was acknowledged by the Bank of Canada in its 2019 Financial System Review, for the first time in history, as one of six major vulnerabilities facing Canada’s economy and its financial system. This is not dissimilar from our countries worldwide who also consider climate change as one of the greatest challenges facing humanity today. Even large investment fund asset managers are divesting from fossil fuels and other industries that present heightened climate risks, while business leaders are merging their corporate and social responsibilities to catalyze positive change.
The global shift to clean energies is feasible, especially as renewable power costs have plummeted and advancements in hydrogen fuel cells have been demonstrated. Governments and industries decarbonization plans include transitioning from carbon-intensive fossil fuels to environmentally friendly renewable energy solutions, such as wind and solar, and zero-carbon fuels. They are also include shifting from combustion systems to technologies that run on electricity. For many, hydrogen and fuel cell solutions are a vital solution to help mitigate environmental challenges as they can be used in every part of our energy system.
How long the change to clean energy solutions will take is still a matter of debate. But with global warming no longer a theory, the protection of our environment must take center stage.
Instead of burning fuels and creating carbon pollution and smog that the world can’t use, hydrogen and fuel cells are enabling a world that is restorative, regenerative and sustainable … for generations to come.