New analysis suggests the UK’s hydrogen targets may fall short of what is needed to decarbonise the power sector, while the supply gap could impact other industry plans to slash emissions.
The newly launched Energy Security Strategy will be supported by a £375 million funding package to help develop “cutting-edge energy technologies” spanning hydrogen, carbon capture and nuclear.
The UK government has published its long-awaited Net Zero Strategy, with new support to help decarbonise offshore assets and updated plans for ensuring oil and gas licences meet climate goals.
By Alex Grant, senior vice president and UK country manager, Equinor
The demolition of the chimney stacks at SSE’s Ferrybridge power station on 21 August was a powerful symbol of the progress the UK has made in weaning itself off emitting carbon dioxide. Less than a decade ago, more than 40% of the UK’s electricity was produced from coal-fired power stations like Ferrybridge. Today the figure is more like 2%. And the UK government is committed to getting rid of the last vestiges of coal by 2025.
On 17 August 2021, the United Kingdom Government Department for Business, Energy & Industrial Strategy (BEIS) launched its hydrogen strategy – a plan for a world-leading hydrogen economy set to support over 9,000 UK jobs and unlock £4 billion investment by 2030.
By Barry Carruthers, director of hydrogen at ScottishPower
We welcome the UK Government’s hydrogen strategy today, it’s a clear sign of the UK’s ambition to be a hydrogen leader and commitment to support a new green sector that will create jobs across the UK.