The case for a UK-wide hydrogen strategy
Read our open letter to the Chancellor
Dear Chancellor of the Exchequer,
As a group of leading businesses that operate in the UK, we are united in our belief that the Government must establish a UK-wide hydrogen strategy. Developing a clear, strategic plan such as this will unlock significant private investment in hydrogen technologies and manufacturing across the country, driving growth and creating green jobs.
The UK has the potential to become a global leader in renewable and low-carbon hydrogen technology, but we must move fast to realise this opportunity and achieve the maximum economic benefit.
A UK-wide hydrogen economy will:
- Create and sustain hundreds of thousands of high-skilled, green jobs, in all parts of the country
- Drive progress to Net Zero and improve air quality in towns and cities
- Secure private investment into the UK, and unlock export opportunities for our products and skills
- Increase our energy security by making fuller use of the UK’s natural resources
As you look to design a post-COVID recovery, we encourage you to focus on creating high-skilled, green jobs, in sectors that will be critical to the future economy, such as low-carbon energy, transport and heavy industry.
These measures would be wholly complementary to the Government’s levelling-up agenda and long-term decarbonisation goals. For example, the Committee for Climate Change has made it clear that the UK will not meet its Net Zero targets without significant investment in the hydrogen economy.
The global hydrogen economy is estimated to be worth $2.5 trillion by 2050, supporting 30 million jobs. Other nations, such as Australia, Japan, South Korea, Canada, and China have already set ambitious strategies for growing their hydrogen economies. Just last week, Germany joined this list with their own €9 billion hydrogen strategy. The European Commission is also creating an EU hydrogen strategy, which includes plans for multi-billion euro investment in hydrogen projects, and schemes to boost sales of hydrogen electric vehicles.
It is now clear that hydrogen is going to play an essential role in the world’s future, low-carbon economy. The increasingly bold steps being taken by other nations underlines the need for the UK to bring forward urgent measures to establish a hydrogen strategy and unlock investment and innovation. We should not risk falling behind other nations in developing our hydrogen industry.
As a collective, which combined employ around 100,000 people and has a value of £100bn in the UK, we stand ready to invest up to £1.5bn in hydrogen projects and create thousands of jobs across the country. This is why we have joined together for the Hydrogen Strategy Now campaign.
Hydrogen Strategy Now campaign partners
Write to your MP
If you too believe in the potential of a UK hydrogen economy to create high-quality green jobs and economic growth across the country, we encourage you to write to your local MP to ask that they support the Hydrogen Strategy Now campaign.
Use the buttons to find your MP, download our letter and tell your MP why you want to see the Chancellor take steps to unlock the UK’s hydrogen economy as part of his plans for our post-COVID economic recovery.