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Navigating Energy Futures: Costs and Realities
The energy transition involves significant challenges, particularly with emerging technologies like ammonia and hydrogen. The feasibility of transitioning from coal to ammonia is questioned due to potentially exorbitant costs, suggesting that such transitions may not occur seamlessly. Moreover, the ambitious target set for clean hydrogen production, at 90 million tons by 2030, would require an astronomical subsidy of 23 trillion dollars, highlighting the financial hurdles in scaling hydrogen initiatives. Insights indicate a growing awareness and interest in these complex energy developments, particularly in countries like China and Germany, but skepticism remains about the practicality and affordability of these alternatives.