Context
The UK government aims to transition towards net zero emissions by supporting various low-carbon technologies.
Question
What fiscal measures are being taken to encourage investment in hydrogen technology, and how will this aid recovery, help reach net zero targets, and promote regional development?
Answer from Kemi Badenoch (Minister for Women and Equalities)
My hon. Friend is right that hydrogen could play an important role in our transition to net zero, which is why we are investing up to £121 million to support a range of projects to explore and develop the potential of low-carbon hydrogen technology. Budget 2020 announced at least £800 million to develop carbon capture and storage infrastructure, and my hon. Friend will of course know that Teesside is one of four sites under consideration for support through that funding.
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