2H2O + Energy --> 2H2 + O2
While hydrogen may be a great vehicle for the storage of energy generated through another source of power, e.g. solar power, hydrogen generation always uses more energy than can be released from the separated hydrogen and oxygen. There is simply no way around the laws of thermodynamics.
The world is continuing to use more and more carbon fuels and emitting more and more CO2, particularly in Asia and soon in Africa. The Mauna Loa CO2 readings confirm that CO2 in the atmosphere has risen steadily since 1958 when they were first started. Temperature, however, is no longer climbing.
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