U.K. Plans Subsidy-Driven Hydrogen Boost on Path to Net Zero
- Kwarteng sees H2 as ‘crucially important’ to reduce emissions
- Hydrogen could cover 35% of U.K. energy consumption by 2050
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Hydrogen could be vital to U.K. efforts to eliminate greenhouse gases by changing the way vehicles are fueled, factories are powered and homes are heated, Business Secretary Kwasi Kwarteng said.
Kwarteng on Tuesday unveiled a strategy that aims to unlock 4 billion pounds ($5.5 billion) of investment in hydrogen production by 2030, supporting 9,000 jobs. Ministers are planning to use similar incentives to those that helped boost offshore wind production.