Brexit A success for the UK economy is on the horizon, thanks to a “perfect storm” of deals.
BREXIT BRITAIN is on the verge of a major victory, as the country is on course to strike the “perfect storm” of deals that will revitalize the economy.
Last year, Prime Minister Boris Johnson revealed his “Ten Point Plan,” which aims to create 250,000 employment in clean energy, transportation, nature, and creative technology in the United Kingdom. After Brexit, Mr Johnson wants the UK to become a “scientific superpower” by igniting a “green industrial revolution” to achieve the legally binding net zero aim by 2050. The government released its strategy last week to “kick launch a world-leading hydrogen economy” in the United Kingdom.
Business Secretary Kwasi Kwarteng said the initiatives will support over 9,000 employment in the UK and release £4 billion in investment by 2030.
And Chris Stark, the Climate Change Committee’s Chief Executive, believes it will play a “critical role” in achieving Mr Johnson’s target.
“Even if we have a lot of electrified technology from off-shore wind, it won’t cover all of the scenarios when we utilize fossil fuels,” he continued.
“There are additional areas where hydrogen could be useful, such as in our homes for warmth and in transportation.
“The most important thing is that we must begin the process of establishing the industry and demand.
“Within the next 20 years, we will have an excess supply of off-shore wind and will be able to genuinely manufacture large amounts of hydrogen.”
Hydrogen can be produced either by burning methane and capturing and storing the emissions, which is referred to as “blue,” or by electrolysis, which is referred to as “green” if renewable electricity is utilized.
After a study stated that blue hydrogen was dirtier than gas or coal, it drew criticism.
Mr. Stark, on the other hand, believes that its skills will improve with time.
“Blue hydrogen has a function to play, we call it a bridge to that world in the future when we have plenty of green hydrogen supply,” he explained.
“If we are going to use hydrogen in that fashion in the next 15 to 20 years, it is critical that we minimize the pollutants that come with it.
“That is something we believe can be done, and I believe the Government strategy on that is very good – Kwasi should be commended for considering it.”
“I don’t want to discount the issue of blue hydrogen emissions, but if the government is cautious, I believe we may look.”Brinkwire Summary News”.