Introduction
Conclusions
Government Involvement
Two primary reasons suggest that the era of fossil fuels is coming towards an end. The first and perhaps most convincing one is the problem of supply. If Hubbert’s Peak (a prediction made by Geologist Kenneth S. Defffeyes that world oil production will peak by 2005) proves to be true, then it is very likely that we are already beginning to see the peak of world oil production. As world population increases and developing countries continue to modernize, a decreasing world oil production trend would spell terrible news for energy production in every corner of the globe. The second reason why we might be coming towards the final days of fossil fuel consumption is the mounting scientific evidence that our current methods of energy production and consumption are dramatically altering our environment, in ways that can have apocalyptic effects in the near future.
As a result there are many developed countries who have shown recent interests in accelerating the development of a hydrogen economy. However, despite all the money invested into research and development and the ambitious visions of these initiatives, significant breakthroughs needed in hydrgoen production, storage, distribution and application are still far away.
ICELANDUNITED STATES
EUROPEAN UNION
JAPAN
CANADA
