Question to the HM Treasury:
To ask the Chancellor of the Exchequer, what assessment his Department has made of the potential contribution to the economy of the introduction of a hydrogen hub.
The Government takes its environmental responsibilities very seriously and acknowledges the potential positive contribution that hydrogen can play in our efforts to decarbonise the economy.
The Department of Business Energy and Industrial Strategy commissioned an Energy Innovation Needs Assessments in 2019. Within this series of studies, produced by Vivid Economics, the ‘hydrogen and fuel cells’ study found that potential domestic opportunities could reach £1.5 billion in GVA and 15,000 jobs per annum by 2050.