Source · Select Committees · Scottish Affairs Committee
Recommendation 14
14
Accepted
Paragraph: 70
Furthermore, we recommend that the UK Government publish modelling to quantify in more detail the...
Recommendation
Furthermore, we recommend that the UK Government publish modelling to quantify in more detail the long-term investment required to secure an export market and the potential economic benefits that could accrue to the UK, from such a market. The Government must identify markets and establish a presence within them before other countries do.
Government Response Summary
The UK government states the opportunities for investment are set out in the UK Hydrogen Investment Roadmap and it continues to engage to unlock private capital into the UK hydrogen economy.
Paragraph Reference:
70
Government Response
Accepted
HM Government
Accepted
The opportunities for investment in UK hydrogen are set out in the UK Hydrogen Investment Roadmap, first published in April 2022 and updated in April 2023. The UK Government will continue to work with investors, industry, finance providers and others, to update the investment profile set out in the Sector Development Action Plan as it evolves to demonstrate where further investment will be required to support future hydrogen production scale up, including for potential export. The UK Government is actively engaging industry, investors and potential exporters to showcase UK hydrogen investment destinations, identify export opportunities, and understand what further actions government can take to unlock the flow of private capital into the UK hydrogen economy. As global trade in hydrogen develops in the longer term, we expect the UK to play an active role in the international trade of hydrogen. We are therefore exploring opportunities to export hydrogen, including from the UK to continental Europe. The resulting intelligence is being shared across government to promote a policy, trade and regulatory ecosystem that supports rapid hydrogen scale-up.