May 29, 2024 08:53 GMT
Germany to Fast Track Hydrogen Permits to Cut Emissions
EMISSIONS
The German government is planning to fast-track permits for hydrogen projects with shorter environmental checks for production, storage and transport of hydrogen, Michael Kellner, Parliamentary State Secretary for the economy ministry, said on Wednesday, cited by Bloomberg.
- Berlin is planning to support the move to fast-track permits with a lot of funding, Kellner said. Germany is planning to invest €4.6bn this year, Kellner added.
- Earlier this month, Germany’s the national hydrogen council increased its estimate for the country’s future hydrogen demand by 14% by 2030.
- This month, the Germany government also announced so-called “climate protection contracts” to help companies in energy-intensive sectors such as steel, cement and glass to cover additional expensive in the move to use cleaner technologies.
- The move is supporting Germany’s net zero goals without destroying energy-intensive industries based in Germany.
- Germany plans to cut carbon emissions by 65% by 2030 and to reach net zero by 2045.
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