28 May 2020
EU to fund hydrogen as part of decarbonisation strategy
European Commission proposes using EU funds to kickstart private investment in hydrogen technologies that target hard-to-abate sectors
The European Commission yesterday proposed the EU invest in hydrogen technologies as part of its €750bn Next Generation EU stimulus package to recover from the Covid-19 crisis. The package would build on existing work by the Commission to reduce the EU’s greenhouse gas emissions to net zero by 2050. A specific strategy on hydrogen is due to be published later this year. Achieving the 2050 goal will require a greater use of hydrogen technologies, EU energy commissioner Kadri Simson told the EU’s industry committee during an evidence session on 19 May. “Hydrogen has a strong potential to emerge as a key new energy carrier, a solution to decarbonise particularly difficult sectors,” she said.
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