Asked by: Lord Judd (Labour - Life peer)
Question to the HM Treasury:
To ask Her Majesty's Government what assessment they have made of the impact of their decision to conduct a one-year Spending Review on the levels of funding available for green investment projects, including hydrogen projects.
Answered by Lord Agnew of Oulton
The Government continues to take its environmental responsibilities very seriously and is committed to ensure a green recovery with concern for our environment at its heart.
At Spring Budget 2020, the Chancellor announced at least £800m to establish Carbon Capture and Storage (CCS) in at least two sites. This will play an important role in the production of low carbon hydrogen.
In 2019 the Government announced a £100m Low Carbon Hydrogen Production Fund to encourage private sector investment in hydrogen. We are also investing in innovation, providing up to £121m to support a range of projects to explore and develop the potential of low carbon hydrogen. This includes production, storage and end use in heat, industry and transport.
Asked by: Lord Judd (Labour - Life peer)
Question to the HM Treasury:
To ask Her Majesty's Government (1) what discussions they have had and with whom, and (2) what evaluations they have undertaken, in relation to (a) investing in hydrogen projects, and (b) supporting a UK hydrogen strategy, through the upcoming Spending Review.
Answered by Lord Agnew of Oulton
The Government has been working closely with industry and expert groups on hydrogen, including through the Hydrogen Advisory Council.
At Spring Budget 2020, the Chancellor announced at least £800m to establish Carbon Capture and Storage (CCS) in at least two sites. This will play an important role in the production of low carbon hydrogen.
In 2019 the Government announced a £100m Low Carbon Hydrogen Production Fund to encourage private sector investment in hydrogen. We are also investing in innovation, providing up to £121m to support a range of projects to explore and develop the potential of low carbon hydrogen. This includes production, storage and end use in heat, industry and transport.