Global Leaders Embrace Ambitious Green Hydrogen Plans to Meet Net Zero Targets
Key Ideas
- Political leaders worldwide are facing pressure to decarbonise energy sources and have announced ambitious green hydrogen plans to meet Net Zero targets.
- The UK Government has allocated a significant financial boost of £21m to accelerate low carbon hydrogen projects in Aberdeen, Tees Valley, and Suffolk.
- 11 green hydrogen production projects with a total capacity of 125MW have been selected to receive production subsidies worth £2bn.
Political leaders globally are feeling the heat to transition to more sustainable energy sources to combat climate change. In response to this pressure, many nations have unveiled ambitious green hydrogen plans to help achieve their Net Zero targets. For instance, the UK Government recently announced a £21m boost to fast-track low carbon hydrogen projects in key regions like Aberdeen, Tees Valley, and Suffolk. This financial injection aims to support the development of green hydrogen technology and infrastructure. Additionally, the government has chosen 11 green hydrogen production projects, totaling 125MW, to receive a portion of the £2bn in production subsidies. These initiatives mark a significant step towards reducing carbon emissions and promoting the adoption of renewable energy sources on a larger scale.