CO2: 413.93 ppmThe cost of producing green hydrogen with renewable energy is set to fall and the capacity to produce it in Europe and nearby countries will likely surpass current targets by 2030, European Union officials said on Monday.
Europe's biggest gas pipeline company Snam said on Monday it saw 23 billion euros ($26 billion) of investment opportunities to 2030 as it boosts spending to ready its network for hydrogen and the transition to cleaner energy sources.
BP said on Monday it plans to set up a large-scale green hydrogen production plant in northeast England, generated with wind, water and solar energy to aid Britain's move away from fossil fuels.
Some see hydrogen as a "magic bullet", while others view it as a distraction from decarbonisation.