Hydrogen-powered planes are on the way – but how would they work?

Hydrogen-powered planes are on the way – but how would they work?


As the aviation industry scrambles for ways to reduce its carbon footprint, hydrogen has emerged as a high-potential solution to its problems. So, how would the technology work?

As the aviation industry scrambles for ways to reduce its carbon footprint, hydrogen has emerged as a high-potential solution to its problems. 

In 2022, aviation accounted for 2% of global energy-related CO2 emissions, according to the International Energy Agency.

The International Air Transport Association, the trade association for the world’s airlines, has committed to achieving net zero by 2050. IATA’s 330 member airlines will rely on sustainable aviation fuel, offsets and carbon capture, and new technology to reach the goal.

Hydrogen and electric technology are anticipated to make up 13% of that shift – which explains why, according to Markets and Markets, the hydrogen aircraft market could be worth $7.4 billion by 2030, a 98% increase from 2020.

 So, how would hydrogen fuel and planes work? Watch the video above to learn more. 



Source

10-year Treasury yield lower as investors mull rates path following strong GDP data
World

10-year Treasury yield lower as investors mull rates path following strong GDP data

U.S. Treasury yields edged slightly lower on Wednesday as investors positioned for a shortened trading day ahead of the holidays. The 10-year Treasury yield — the benchmark for U.S. government borrowing — was 1 basis point lower at 4.159% by 4:15 a.m. E.T. Yields on the 2-year Treasury note were largely unchanged, at 3.528%. The 30-year bond yield, meanwhile, […]

Read More
Oil giant BP to sell 65% stake in  billion Castrol unit
World

Oil giant BP to sell 65% stake in $10 billion Castrol unit

Britain’s BP has agreed to sell a 65% shareholding in lubricants business Castrol to Stonepeak for $6 billion, months on from the oil giant seeking a buyer for the unit. The deal comes as the company looks to launch a strategic reset, including a green strategy U-turn and the divestment of $20 billion of assets […]

Read More
European markets poised for lackluster open ahead of shortened trading session
World

European markets poised for lackluster open ahead of shortened trading session

LONDON — European markets are expected to open in flat to negative territory as investors take stock of the volatile year during Christmas Eve’s shortened trading session. The U.K.’s FTSE 100 and Germany’s DAX were last seen edging below the flatline, while France’s CAC was 0.1% lower according to data from IG Group. The pan-European Stoxx […]

Read More