High Natural Gas Prices Could Lift Green Hydrogen Investment

Major green hydrogen deals and projects in Europe and Australia

As the price of natural gas is soaring globally amid a scarcity of supply and Russian threats to cut off flows to Europe unless buyers start paying in rubles, the economics of the so-called blue hydrogen have deteriorated. Green hydrogen made of electrolysis from renewable energy is now the preferred choice of future hydrogen supply as governments target net-zero emissions and a reduction of reliance on Russian gas.

Scalability and costs are still issues to be overcome in green hydrogen production. Yet, Europe’s dependence on natural gas supply from Russia and Putin’s war in Ukraine have prompted the European Union and many of its member states to embrace green hydrogen development, preferring it to the so-called blue variant made of natural gas with carbon capture and storage (CCS).

Companies in Europe and U.S. allies such as Australia have recently announced major green hydrogen deals and projects. Although costs of green hydrogen production are yet to drop to economically scalable and feasible levels, the prospect of using home-grown energy resources—wind and solar—rather than relying on gas imports from Russia is now paramount for policymakers in the West.

https://oilprice.com/

Australia to introduce new laws to force media platforms to unmask online trolls

Close the gap between real life and discourse online

Social media companies could be forced to reveal the identities of anonymous users in an effort to crack down on online trolling, under new laws being drafted by the federal government. The laws would require social media companies to collect the details of all users, and allow courts to force companies to hand over the identities of users to aid defamation cases.

Social media companies would also be made legally liable for the content they publish from users, removing liability from individuals and companies that manage pages. The legislation will be released in draft form this week, and is expected to be introduced to parliament early next year.   Prime Minister Scott Morrison said he wanted to close the gap between real life and discourse online.

https://www.abc.net.au/