Tag: net zero

Despite billions being pumped into trying to kickstart Australia’s hydrogen industry, department officials concede reaching profitability may be a long way off. Jo Evans, the deputy secretary of the Department of Climate Change and Energy, said costs were still too high for hydrogen production. “There’s no way they’ll make a profit at those costs,” Evans told Australia’s Joint Standing Committee ...

The Scottish Conservative Party has claimed that UK Labour’s plan to stop all new oil and gas projects will cost Scotland £6 billion. At the weekend, the Sunday Times Of London reported that Britain’s opposition leader Sir Keir Starmer was close to announcing a block on new developments if Labour came to power, alongside plans to boost investment in renewables. ...