For more than a century hydrocarbons have fueled an unprecedented economic growth and increase in living standards globally. This development has been so dramatic, that many will find it hard to imagine life just a few generations ago.
Hydrocarbons are often primarily associated with gasoline and diesel, needed to fuel our cars, buses and planes, at least until recently. But in reality hydrocarbons are now embedded in every aspect of modern-day life.
They are essential for the production of medicines, paint, clothes and mobile phones, PC’s and TV’s. Half the weight of a modern aircraft is made of plastic –and we could never have produced batteries for electric cars without hydrocarbons.
But from a humanitarian perspective, what might have contributed the most, would be fertilizers used to increase global food production, pesticides to protect crops, and plastic to allow for transportation of food over large distances.
A world without hydrocarbons is not only a naïve illusion – it’s also actually quite cruel. It would create a battle for diminishing resources of a catastrophic global scale.
Today, oil, gas, and coal form the backbone of a global economy entirely reliant on hydrocarbons. However, this comes at a significant environmental cost, contributing not only to local pollution but also to global warming.
Hydrocarbons play a central role in the natural cycle of life. Carbon, in the form of CO₂, is essential for all living organisms on Earth, while hydrogen—the most abundant element in the universe—is most commonly found here as water.
Splitting water with renewable energy to produce green hydrogen is only half of the equation. Green hydrogen can be used directly as an energy source or combined with carbon captured from the air or from biological CO₂ emissions to create new hydrocarbons—also known as electro-fuels.
Thus, the production of green hydrogen is not just an environmental issue. The real question is whether we will take the necessary steps to build a sustainable future or leave the challenges of depleting resources and rising costs to the next generation.
In Gen2 Energy we choose not to leave all the problems of global warming and diminishing resources to the next generations. We are here to take responsibility for solving them.
Kjetil Bøhn
CEO Gen2 Energy