The UK Government has today announced £139m to cut emissions in heavy industry by supporting the transition from natural gas to clean hydrogen power.
Prime Minister Boris Johnson has said he hopes the funding boost will help drive decarbonisation and drive economic recovery from the coronavirus pandemic.
“We’ve made great strides towards our net zero target over the last year, but it’s more important than ever that we keep up the pace of change to fuel a green, sustainable recovery as we rebuild from the pandemic,” said Prime Minister Boris Johnson.
“The UK now has a huge opportunity to cement its place at the vanguard of green innovation, setting an example worldwide while growing the economy and creating new jobs.”
Just last week, H2 View reported that a consortium of businesses operating across the hydrogen sector had called on Government to create a level playing field, and today, the Government has acted.
“This funding will reduce emissions, create green collar jobs and fuel a strong, clean economic recovery – all essential to achieving net zero emissions by 2050,” said Alok Sharma, Business and Energy Secretary.
The £139m funding announcement is part of a £350m commitment from the UK Government to fuel green recovery.