Treasury written question – answered on 12th June 2020.

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Photo of Alex Sobel Alex Sobel Shadow Minister (Digital, Culture, Media and Sport)

To ask the Chancellor of the Exchequer, what assessment he has made of the potential economic effect on UK industry of EU plans for large-scale investment in green hydrogen.

Photo of Kemi Badenoch Kemi Badenoch The Exchequer Secretary

The Government continues to take its environmental responsibilities very seriously and welcomes international efforts to invest in technologies that will be needed to decarbonise the energy used in our economies.

We remain committed to our net zero target, and hydrogen could be an important part of the transition.

We are investing in innovation, providing up to £121m to support a range of projects to explore and develop the potential of low carbon hydrogen. This includes production, storage and end use in heat, industry and transport.

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