Building a hydrogen economy based on fossil fuel is

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Unformatted text preview: consumers may be tied to cultural or historical factors. The Buick, for instance, is associated with powerful, respected leaders Sun Yatsen (the father of the modern Chinese state) and Zhou Enlai, both of whom used to ride in the spacious vehicle. Some consumers buy cars with roomy rear passenger space; even big cars can be as much as a third of a foot longer than their American counterparts.56 Over 80 percent of auto sales in China continue to go to first-time consumers compared with less than 10 percent in the United States.57Sixty-five percent of Chinese consumers believe that neglect of personal image reflects a disregard for self, compared to 56 percent globally.58 Regional officials and city planners affect China ʼs consumption trends as well. In certain cities, a concept of projecting “civilized/modern society” has taken root, and the spread of larger luxury vehicles is encouraged, with real implications; that is, Chinaʼs most-recent five-year plan stressed environmentally conscious growth and policy, but cities have been slow to enact legislation that would discourage luxury vehicles and encourage smaller cars.59 287 Last printed 9/4/2009 7:00:00 PM Oil DDW 2012 1 Hydrogen Doesn’t Solve 288 Oil DDW 2012 1 Hydrogen won’t solve due to storage and productions reasons – Niches like transportation are irrelevant Gosselin, professor at Ghent University and Leysen, professor at the Royal Military Academy, 08 Derrick Philippe GOSSELIN is professor at Ghent University. He is as well associate fellow of Green Templeton College and of James Martin Institute for Science and Civilization (Saïd Business School), both at the University of Oxford and Jan LEYSEN is professor at the Royal Military Academy 5-08, [“Vision of evolutions in the petroleum market,” European Review of Energy Marketsvolume 2, issue 3, May 2008,] E. Liu 9. Hydrogen will not emerge as a significant alternative energy carrier. Hydrogen (H2) has some major challenges to overcome before it can make a significant contribution as an energy carrier. H2 is not a primary energy source itself but, like electricity, is generated from primary energy sources. Although niche markets for H2 could develop, such as fuel for transport or energy generation, we do not believe that hydrogen will have a significant influence on the demand for fossil fuels before 2030. One of the reasons for this is the low density per volume unit of H2, which means that either high compression or liquefaction is necessary for economic use and distribution. This presents a major challenge in terms of the storage, distribution and trading of hydrogen. A further challenge is the development of production technology. Although a mini-hydrogen economy does already exist, this is mainly limited to the petrochemical sector which produces H2 from fossil fuels, principally gas . Building a hydrogen economy based on fossil fuel is not a n obvious long-term solution to the energy problem. For a technological overview and discussion of the technological chall...
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This note was uploaded on 01/30/2013 for the course ECON 101 taught by Professor Burke during the Spring '13 term at Southern Arkansas University.

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