Hydrogen hopes

A good survey of the emerging hydrogen economy from the FT (you’ll need a subscription or a free trial). The carbon establishment is betting on hydrogen because they think it will allow them to carry over their huge economic clout into the new era. They’re probably right. The transition will be so costly that we’re going to need the oil giants to fund it. I think this is going to happen more quickly than anyone expected. In Wired, Peter Schwartz and Doug Randall (strategy gurus at Global Business Network) advance “a massive, Apollo-scale effort to unlock the potential of hydrogen” and rescue America from unending conflict. Meanwhile, New Scientist reports that Boeing is building a hydrogen-powered aeroplane (you’ll also need a sub or a free trial for this one).