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Hydrogen - Increase 5 GW hydrogen targets or risk missing out on investment and jobs, UK Government warned by industry bosses - Renewable Energy Magazine, at the heart of clean energy journalism
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Businesses call on UK Government to deliver world-leading hydrogen sector
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UK s 5GW hydrogen production target is not ambitious enough; missing out on investment says survey results
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As the global community aims to accelerate decarbonization, some industries are set to benefit sooner than others from shift to the hydrogen economy.
Because it already maintains much of the infrastructure needed to produce hydrogen, the industrial gas sector will be one of the first to fully adopt hydrogen over the next two decades closely followed by oil refining, chemical, and fertilizer industries, according to new S&P Global Ratings research. This shift will be dependent on leading industrial gas players increasing their investments in blue and green hydrogen facilities, and represents a critical opportunity to strengthen revenue and earnings over the long-term.
Industrial decarbonisation strategy (accessible webpage)
Updated 7 April 2021 © Crown copyright 2021 This publication is licensed under the terms of the Open Government Licence v3.0 except where otherwise stated. To view this licence, visit nationalarchives.gov.uk/doc/open-government-licence/version/3 or write to the Information Policy Team, The National Archives, Kew, London TW9 4DU, or email: psi@nationalarchives.gov.uk. Where we have identified any third party copyright information you will need to obtain permission from the copyright holders concerned. This publication is available at https://www.gov.uk/government/publications/industrial-decarbonisation-strategy/industrial-decarbonisation-strategy-accessible-webpage
Ministerial foreword
The UK is the world’s first major economy to present a net zero Industrial Decarbonisation Strategy. This strategy comes at a time when the UK is striving forward with environmental progress, with economic recovery from the