What are some of the key challenges faced in the hydrogen industry and can Labour overcome them?
On 18 July 2024, the UK's Climate Change Committee's report was presented to the UK Parliament. The report concluded that:
- now only six years away, the UK is not on track to hit its 2030 target1;
- the new Government will have to act fast to hit the country's commitment; and
- the previous Government gave "inconsistent messages on its commitment to the actions needed to reach Net Zero, with cancellations of, and delays and exemptions to, important policies".
Against that reality check, Labour's mission to make the UK a clean energy superpower is genuinely exciting and welcomed.
Particularly encouraging for those in the hydrogen sector is that hydrogen is a central element of the energy superpower.
In this article, we delve into some of the key obstacles that the hydrogen industry faces and explore whether Labour's proposed strategies have the potential to navigate through these complexities and accelerate the UK's journey towards net zero emissions.
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1 The UK has committed to reduce emissions in 2030 by 68% compared to 1990 levels.