Is hydrogen – which does not produce CO2 when burned, is light, and is easily storable – the best way to mitigate carbon emissions?
Just a few years ago in 2021, the UK was an established leader in the global hydrogen economy. The then-Conservative government’s Hydrogen Strategy was attractive for investors looking to produce and use low-carbon hydrogen.
But what lies in store for hydrogen in the nation that just few months ago gave Labour a huge mandate to pursue non-traditional energy sources.
The UK’s new government has already doubled down on its clean energy commitments: closing the UK’s last coal power plant in September, promising a halt of new North Sea drilling licences and increasing windfall tax on offshore operators as it targets a goal of net zero by 2050.
And what role will renewable fuels – such as biodiesel and bioethanol – play in energy production and usage, and how can the oil and gas industry adapt them into their businesses to maintain market share and profits?
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