In its recent Autumn Budget, the UK government has allocated £2 billion to support 11 green hydrogen projects across England, Scotland, and Wales. These initiatives are among the first commercial-scale green hydrogen projects globally, aiming to enhance the UK's clean energy production and reduce carbon emissions.
Additionally, the government has committed up to £21.7 billion over 25 years to advance carbon capture and storage (CCS) and hydrogen technologies in northern England. This investment is expected to create approximately 4,000 jobs and attract significant private investment, particularly benefiting regions like Merseyside and Teesside.
The region also established a National Wealth Fund, with an initial £27.8 billion, which is expected to attract nearly £70 billion in private investment. The fund will focus on sectors including ports, green steel, and hydrogen production, aiming to bolster the UK's clean energy infrastructure.
These developments demonstrate that governments worldwide are backing hydrogen as the fuel of the future.
