The practical uses at a smaller scale in the refinery industry, in the transport sector, in the shipping sector, green hydrogen is very versatile and has some specific advantages compared to, let's say renewable energies. WB Expert: - Listen, there are already some examples. Host: - And realistically, you know, do you see other industries adapting into this sector? And if so, what would those industries be? It will support or benefit the local industries that use this green hydrogen to decarbonize themselves and with these create green value chains that in the future will help them to remain competitive in a, let's say in a decarbonizing world. It will create opportunities for the development of new skills and for new jobs. In a nutshell, the project will support the creation of green hydrogen facility and it will also very importantly provide technical assistance to build the capacity and the skills that are needed in the country to really foster this new technology. This loan will help the government to mobilize financial resources from the private sector and other sources to accelerate green hydrogen production and these will also help the country in reducing their exposure and their dependence on, for example, oil and their prices and the disruptions on the supply chains. WB Expert: - Excellent, so we are indeed very excited about this first operation for green hydrogen in the bank and being for Chile, because green hydrogen has the ample possibilities to help countries like Chile and other developing nations to accelerate their just energy transition, to accelerate the decarbonization of other sectors of the economy, to create new sources of income, to create new jobs. How will the financing be used and who will benefit from this? Marcela, thanks so much for being here on " Expert Answers." So I'd mentioned earlier that the World Bank is financing it's first green hydrogen project in Chile. Host: - So to learn more about Chile's investments in green hydrogen, delighted to now be joined by Marcela Silva, who is the regional director for Infrastructure in the Latin America and the Caribbean. This means we have an energy source that provides a pathway to decarbonization. When this process is powered by energy from renewable sources like wind farms and solar, it can be produced without the use of carbon found in fossil fuels, which is why the energy as a result of this process is called green hydrogen. Hydrogen as an electricity source can be made by splitting water into hydrogen and oxygen using an electrolyzer. ![]() ![]() Though hydrogen isn't an abundance on planet earth, water of course is. Just a few years later the term hydrogen was coined, meaning water former in Greek. The scientists credited with discovering it labeled it as flammable air an indication of its value as an energy source. Host: - Hydrogen is the simplest element on the periodic table, with just a single proton and a single neutron. Before we sink our teeth deep into the specifics of what this all means, let's take a quick trip back to high school chemistry class. ![]() This is the organization's first loan to promote green hydrogen supporting climate change mitigation efforts. Today's episode is all about green hydrogen because the World Bank has just approved financing to promote investment in this energy in Chile. Host: - Hello everyone, and welcome back to Expert Answers. ![]() WB Expert: - Green hydrogen has the ample possibilities to help the developing nations to accelerate their just energy transition, to accelerate the decarbonization of other sectors of the economy to create new sources of income, to create new jobs. 00:00 Welcome! Introducing the topic and the expertĠ1:55 The World Bank is financing it's first green hydrogen project in ChileĠ3:53 Industries adapting to green hydrogenĠ6:45 How green hydrogen is different from other forms of hydrogenĠ8:12 Challenges in terms of production, transport and useġ0:50 Boosting shared prosperity for a more livable planetġ2:02 Thanks Marcela Silva for sharing your expertise!
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