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July 9, 2020

EU bets on clean hydrogen to decarbonize and boost economy

  • The European Commission said so-called “green hydrogen” could meet about a quarter of the world's energy demands by 2050.
    • By SAMUEL PETREQUIN
    Associated Press

    The executive branch of the European Union unveiled plans Wednesday to boost the production of clean hydrogen as part of its goal to achieve climate neutrality by 2050 amid criticism from environmental activists and Green lawmakers pushing for a total exclusion of hydrogen produced from fossil fuels.

    The European Commission said its project would help the EU's economy recover from the coronavirus pandemic, with investments in renewable hydrogen expected to reach between 180 to 470 billion euros ($203 to $530 billion) by the middle of the century.


     
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