An Anglo-German report has suggested the environmentally-friendly desire to use only clean power to produce hydrogen, outlined by nations such as Germany, could end up being more emissions-heavy than the more pragmatic embrace of blue hydrogen under consideration in the U.K.
The private-sector arm of the World Bank, which claims to leverage $3 of its own capital and $8 from third parties for every dollar invested in its blended finance funds, has attempted to quantify what devoting Covid recovery funds to green investment would mean for emerging economies.
The British energy company has pledged to raise investment in low-carbon energy – including biomass and natural gas-fired hydrogen – tenfold by 2030 and said it would reduce its upstream oil and gas activity 40% over the same period.
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