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UK stays behind in hydrogen funding

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OPG supports Ontario in Building the Hydrogen Economy (CNW Group/Ontario Power Generation Inc.)

According to a TUC analysis, the UK is lagging behind its G7 peers in terms of green jobs and investment, which means it will miss out on developing domestic competitive advantages in hydrogen and other green technologies.

According to the research, the Treasury has the chance to urgently address the current state of climate action underfunding.

On present trends, the UK will fail to produce the necessary quality green jobs and will continue to lag behind in developing domestic competitive advantages in tidal stream, hydrogen, electric vehicles, and clean steel.

Furthermore, existing UK green recovery investment might result in the creation of 44,000 green jobs over the next decade.

Instead of creating 338,000 to 721,000 green employment, the UK government should use the G7 chance to match Italian or US green recovery expenditures.

The report’s most shocking revelation is that the UK Treasury expects to spend only £180 ($254) per person on green recovery and jobs, a pittance compared to the US ($2,960/$4,913pp), Italy ($1,390/$1969pp), France ($710/$1,005pp), and Germany ($600/$849pp).

As a result of these reasons, the TUC is urging the UK government to take advantage of the G7 opportunity by investing £85 billion ($120 billion) in emergency green infrastructure, which will assist to accelerate green technologies like as hydrogen across the country.

Arnes Biogradlija
Creative Content Director at EnergyNews.Biz

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