Hydrogen UK's Manifesto for Accelerating Growth and Net Zero Goals
Key Ideas
- Hydrogen UK's manifesto emphasizes the crucial role of hydrogen in achieving net zero emissions and enhancing energy security while stimulating economic growth.
- Recommendations include creating a dedicated ministerial role for hydrogen, accelerating investment decisions for projects, and adopting a single standard for low carbon hydrogen.
- The manifesto also highlights the potential for the hydrogen industry to create 64,000 UK jobs and generate over £7 billion in gross value added annually by the end of the decade.
- Hydrogen UK stresses the need for immediate action by the government to solidify commitments, drive inward investment, and prevent delays that could hinder net zero goals and economic growth.
Hydrogen UK has launched a manifesto outlining policy recommendations aimed at positioning hydrogen as a central element in achieving net zero emissions, enhancing energy security, and stimulating economic growth in the UK. The manifesto calls for actions within the government's first 100 days and beyond, including the appointment of a ministerial role dedicated to hydrogen to ensure coordinated policy efforts. Accelerating investment decisions for pioneering hydrogen projects is highlighted as essential for maintaining industry momentum. The manifesto advocates for expediting the initial Hydrogen Allocation Rounds and releasing the hydrogen funding mechanism design consultation to provide funding certainty and boost investor confidence. It also stresses the importance of adopting a single standard for low carbon hydrogen across government departments to ensure consistency in supporting mechanisms. Furthermore, immediate funding for projects within Track-1 of the Cluster Sequencing Process is urged, along with setting clear timelines and funding details for Track-2 projects. Hydrogen UK estimates that the hydrogen industry could significantly contribute to the UK economy by creating jobs and generating added value. Clare Jackson of Hydrogen UK emphasizes the need for policymakers to act promptly to accelerate the deployment of hydrogen technology and secure the UK's competitiveness globally. The manifesto underlines the risks of delays in achieving net zero goals, ensuring energy security, and capitalizing on the economic growth potential offered by the hydrogen industry.
Topics
Production
Energy Security
Job Creation
Government Initiatives
Economic Growth
UK Industry
Policy Recommendations
Net-zero Goals
Investment Decisions
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