Japan earmarks $107 billion for developing hydrogen energy to cut emissions, stabilize supplies

Japan earmarks $107 billion for developing hydrogen energy to cut emissions, stabilize supplies

11 months ago
Anonymous $KxGqLmj_R3

https://apnews.com/article/japan-energy-hydrogen-climate-carbon-emission-7f5552cc387d7ad395980bc9bd5a934c

TOKYO (AP) — Japan’s government on Tuesday adopted a revision to the country’s plans to use more hydrogen as fuel as part of the effort to reduce carbon emissions.

The plan sets an ambitious target to increase the annual supply by six times from the current level to 12 million tons by 2040. It also pledges 15 trillion yen ($107 billion) in funding from both private and public sources to build up hydrogen-related supply chains over the next 15 years.