Part of the debate – in the House of Lords at 1:09 pm on 30 November 2020.
My Lords, we have announced that, working with industry, the Government are aiming for 5 gigawatts of low-carbon hydrogen production capacity in the UK by 2030—a clear signal of intent. We will support this through a whole range of measures seeking to stimulate private investment, including a £240 million net zero hydrogen fund and provision of a revenue mechanism to be delivered by hydrogen business models on which we will bring forward details early next year.