Using environmentally-friendly energy sources, reducing the dependence on energy imports, fostering domestic industries and creating jobs.
These are some of the goals which South Korea aims to achieve by transitioning to a hydrogen economy.
The South Korean government unveiled a roadmap for a hydrogen economy last year, and the country kicked off the calendar year by passing the world's first hydrogen law.
Backed by government investment, sales of hydrogen-powered vehicles in the country are on a steady rise and Korean companies are dominating the global market with hydrogen cars, charging stations and fuel cells.
For an in-depth look into the hydrogen economy, we have James Rooney, Vice Chairman for the Seoul Financial Forum, joining us in the studio.
Welcome to our program.
Why hydrogen? Compared to other energy sources, what are some of its advantages so that the world is now looking to establish a completely new energy and economic system based on hydrogen?
Considering the rapid pace of climate change, many say that it's now a MUST to move away from a carbon-based economy and shift to hydrogen. How much would you say the world has transitioned?
What about South Korea? The country’s been putting in a lot of effort to become a 'first-mover' in achieving a hydrogen economy. It unveiled a roadmap last year and parliament has also passed a law for promotion and safety management. Where does South Korea stand?
In a hydrogen economy, having the infrastructure to produce, store, transport, and make use of hydrogen is at the very core. What are some of the necessary facilities, and how is South Korea equipped?
Just last week, South Korea held the world's first hydrogen mobility show as it aims to foster hydrogen-related businesses and firms. But why is 'mobility' so important?
We have heard the term ‘hydrogen economy’ a lot; it’s a term that appears every time when we discuss environmentally-friendly economic development. But at the same time, the term sounds quite surreal and still something that is very far away. What are some real-life examples of 'hydrogen mobility'? Is there anything that we see in our daily lives?
We've heard about electric vehicles before, but how are hydrogen-fueled EVs different, and how practical are they?
Because it's not only a few individual countries but the whole world trying to make a shift to this new energy trend, international cooperation is critical. Which countries are in the lead? And what countries are South Korea working with in terms of technology transfer and what-not?
A deep insight into hydrogen economy, thank you for your comments, we really appreciate it.