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US: Biden-Harris Administration announces $7 billion for America s first Clean Hydrogen Hubs

US: Biden-Harris Administration announces $7 billion for America s first Clean Hydrogen Hubs
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Biden-Harris Administration Announces $7 Billion For America s First Clean Hydrogen Hubs, Driving Clean Manufacturing and Delivering New Economic Opportunities Nationwide

Biden-Harris Administration Announces $7 Billion For America s First Clean Hydrogen Hubs, Driving Clean Manufacturing and Delivering New Economic Opportunities Nationwide
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Biden-Harris Administration Announces $7 Billion For America s First Clean Hydrogen Hubs, Driving Clean Manufacturing And Delivering New Economic Opportunities Nationwide

Biden-Harris Administration Announces $7 Billion For America s First Clean Hydrogen Hubs, Driving Clean Manufacturing And Delivering New Economic Opportunities Nationwide
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Transcripts for BBCNEWS Newscast 20220325 21:48:00

for two years, and by the way, whilst it s doing that, we should be investing in renewables. we should be doing insulation. the reason over the last ten years the uk had the biggest renewables roll out, - the last 12 years, biggest i renewables roll out of any developed l economy, and that was because we had a really certain framework. you could come in, l get your investment, you knew what the payback was going to be. if you start messing with that certainty, | you re not going to be able to repeat the trick. - but in a world where actually even the market will say the sort of profits that we re seeing in the energy market, for producers and generators, they re supernormal profits. they weren t banking on it. it wasn t in their investment pipeline, it wasn t in their programme for giving dividends. these are supernormal profits, which actually, when you look at the scale of it, a lot of people could justify why you would do that given the absolute pain that consumers are feeling.

Transcripts for BBCNEWS Newscast 20220325 01:50:00

the reason over the last ten| years the uk had the biggest renewables roll out, - the last 12 years, biggest renewables roll out - of any developed economy, and that was because we had a really certain framework. . but in a world where actually even the market will say the sort of profits that we re seeing in the energy market, for producers and generators, they re supernormal profits. they weren t banking on it. it wasn t in their investment pipeline, it wasn t in their programme for giving dividends. these are supernormal profits, which actually, when you look at the scale of it, a lot of people could justify why you would do that given the absolute pain that consumers are feeling. so i think you can still have that environment, and what actually matters is the signal is the government sends about long term investment in renewables, we back this, the things that you do to give the market certainty, i think you can do that, and ask some of the generators to take some of the hit in ord

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