The Labour Party has revealed its plans to invest £500 million in green hydrogen and £2.5 billion in transitioning steel over a 10-year period if it regains power in July. Their manifesto includes a commitment to decarbonize industrial clusters across the UK, with an additional £1 billion investment over the parliamentary term. Labour sees achieving Net Zero as a significant economic opportunity that can create numerous job opportunities in future industries while enhancing the country's energy security and reducing dependence on fossil fuels. Additionally, the party aims to allocate funds from the contract for difference auction round in 2025-26 to provide capital grants for companies developing clean technologies like offshore wind, onshore wind, solar, hydrogen, and carbon capture and storage (CCS). They also plan to establish Great British Energy, a publicly owned clean energy company, to drive decarbonization efforts. While Labour intends to continue North Sea oil and gas operations for decades, it also wants to accelerate Net Zero investments across various sectors such as buildings, transport, and agriculture. Experts like Dr. Jon Hiscock emphasize the importance of Labour's Local Power Plan in ensuring energy security and stress the need for proper management of the energy transition to avoid supply disruptions. Aniruddha Sharma, Chair and CEO of Carbon Clean, highlights the critical role of the upcoming Parliament in shaping the UK's clean technology sector and the necessity of forming robust clean tech supply chains and infrastructure. He points out that the UK risks lagging behind other countries in key clean tech sectors and underlines the significance of a clear industrial strategy and consistent policies to drive private sector investment and job creation. Overall, the article presents a positive outlook on Labour's plans to balance green hydrogen investments and transitions with oil and gas, emphasizing the potential for job creation, energy security, and the importance of a strategic approach to clean technology development.