Japan Summit highlights countries’ investments in hydrogen —

  • Hydrogen could power the next wave of decarbonization in many countries now that a recent virtual summit on green recovery has revealed a growing number of countries using their economic recovery efforts to ramp up investment.
  • With the aim of achieving the world’s first “hydrogen-based society,” Japan’s 2017 Basic Hydrogen Strategy lays out an action plan up to 2030 in the context of a broader 2050 outlook and a goal to reduce hydrogen costs to be competitive with fossil fuels.
  • It recently committed €2 billion of its €100 billion stimulus plan to developing a green hydrogen economy and plans to invest €7 billion in hydrogen technology in the long term.