In particular, hydrogen holds much promise in the long-haul heavy goods vehicle segment where it has two key advantages over battery-powered electric trucks, namely lower weight leading to longer range and rapid refuelling time.
As long-haul transport typically moves along the main road arteries, hydrogen requires far fewer refuelling stations compared to more localised transport, such as cars.
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The choices that we make now and in the next few years will shape the global economy for decades to come. Rather than seeing the Covid-19 crisis as a distraction from the climate change challenge, we should use it to move from acknowledgment to action.
Eoin Murray is head of investment at the international business of Federated Hermes
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