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'We need everything': CEO on why natural gas infrastructure needs to be ready for clean hydrogen - TL;DR CNBC

'We need everything': CEO on why natural gas infrastructure needs to be ready for clean hydrogen

Publishing timestamp: 2023-11-09 05:00:18


Summary

The CEO of Italgas believes that blending hydrogen into natural gas infrastructure is essential to meet decarbonization goals and achieve net-zero CO2 emissions by 2050. He emphasizes the importance of using pre-existing natural gas infrastructure and highlights the versatility of hydrogen as an energy carrier. However, the use of fossil fuels and the environmental impact they have are also acknowledged. Other business leaders, such as the CEO of AES, have also discussed the potential blending of hydrogen and natural gas. The article concludes by stating that using current natural gas infrastructure will be helpful as more renewable energy sources come online and that gas infrastructure provides flexibility to balance the rigidity of renewables.


Sentiment: MIXED

Tickers: AESIG-ITSRG-IT

Keywords: environmentclimateaes corpitalgas spaenergyoil and gasrenewable energyalternative and sustainable energywestern europebusinessceoitalybusiness newshydrogen fuelnatural gas marketssnam spa

Source: https://www.cnbc.com/2023/11/09/ceo-on-why-natural-gas-infrastructure-must-be-ready-for-clean-hydrogen.html


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