European Commission report details $45 billion for clean energy, $800 million for hydrogen by 2030 – Fastmarkets news

A recent report from the European Commission has outlined a plan to invest $45 billion in clean energy and $800 million specifically for hydrogen by the year 2030. This significant investment demonstrates the commitment to transitioning towards more sustainable energy sources in Europe.

The funds will be allocated towards various clean energy projects, including renewable energy sources such as solar and wind power. Additionally, the investment in hydrogen technology is seen as crucial for reducing carbon emissions and achieving climate goals.

The European Commission’s report highlights the importance of investing in clean energy to combat climate change and promote a more sustainable future. The funds allocated for hydrogen specifically show a dedication to developing innovative technologies that can help drive the transition to a cleaner energy system.

Overall, the report details a substantial financial commitment towards clean energy and hydrogen, showcasing Europe’s determination to lead the way in the fight against climate change.