Germany to Fast Track Hydrogen Projects to Cut Carbon Emissions
- Government to allocate up to €4.6 billion this year: Kellner
- Hydrogen advisers increased hydrogen demand forecast by 14%
Germany is set to pass the Hydrogen Acceleration Act and the Carbon Management Strategy in cabinet on Wednesday.
Photographer: Krisztian Bocsi/BloombergThis article is for subscribers only.
Germany will fast-track permits for hydrogen projects and end a ban on carbon capture and storage as the nation tries to clean-up its fossil-fuel intensive industry.
The government will make it easier to get development permits with shorter environmental checks for production, storage and transport of hydrogen. Europe’s biggest economy wants to cut carbon emissions 65% by 2030 to reach net zero by 2045, five years earlier than the European Union.