Hydrogen Set for $960 Million Push in Polish Green Recovery Plan
- Poland seeks to expand clean energy in shift away from coal
- EU rescue fund requires investments in line with Green Deal
Photographer: Alex Kraus/Bloomberg
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Poland plans to invest 797 million euros ($960 million) to develop the production and distribution of hydrogen, using the European Union’s economic rescue fund to speed up its shift to clean energy.
The government is finishing work on a plan to tap 58.1 billion euros in EU grants and loans to help recover from the coronavirus pandemic. The bloc’s 750 billion-euro stimulus program is centered around its Green Deal strategy, with more than a third of the funding required to be for climate-related projects.