In The Hydrogen Economy, best--selling author Jeremy Rifkin takes
us on an eye--opening journey into the next great commercial era in
history. He envisions the dawn of a new economy powered by hydrogen
that will fundamentally change the nature of our market, political
and social institutions, just as coal and steam power did at the
beginning of the industrial age. Rifkin observes that we are fast
approaching a critical watershed for the fossil--fuel era, with
potentially dire consequences for industrial civilization. Experts
had been saying that we had another forty or so years of cheap
available crude oil left. Now, however, some of the worlda s
leading petroleum geologists are suggesting that global oil
production could peak and begin a steep decline much sooner, as
early as the end of this decade, sending oil prices through the
roof. While the fossil fuel era is entering its sunset years, a new
energy regime is being born that has the potential to remake
civilization. Hydrogen is the most basic and ubiquitous element in
the universe. It is the stuff of the stars and of our sun and, when
properly harnessed, it is the "forever fuel." It never runs out and
produces no harmful CO2 emissions. Commercial fuel--cells powered
by hydrogen are just now being introduced into the market for home,
office and industrial use. The major automakers have spent more
than two billion dollars developing hydrogen cars, buses, and
trucks, and the first mass--produced vehicles are expected to be on
the road in just a few years. In the new era, says Rifkin, every
human being could become the producer as well as the consumer of
his or her own energy -- so called "distributed generation." When
millions of end--users connect their fuel--cells into local,
regional, and national hydrogen energy webs (HEWs), using the same
design principles and smart technologies that made possible the
World Wide Web, they can begin to share energy -- peer--to--peer --
creating a new decentralized form of energy use. Hydrogen has the
potential to end the worlda s reliance on imported oil and help
diffuse the dangerous geopolitical game being played out between
Muslim militants and Western nations. It will dramatically cut down
on carbon dioxide emissions and mitigate the effects of global
warming. And because hydrogen is so plentiful and exists everywhere
on earth, every human being could be "empowered," making it the
first truly democratic energy regime in history.
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