The report also highlights the extremely naivety of the media up to now, who seem to have assumed that all of this decarbonisation could have been achieved for a billion or two. As this blog has often pointed out, the billion quoted is no more than a bit of seed funding for pilot projects, R&D and the like. In particular, the media still have not woken up to the fact that hydrogen will cost several times as much as conventional energy sources.
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