Japan is to revise its hydrogen strategy by the end of May with an ambitious target to boost annual supply to 12 million tonnes by 2040, as competition increases in the global market for the fuel. Japanese Prime Minister Fumio Kishida addressed a ministerial meeting on the need to revise the hydrogen strategy, which was first mapped out in 2017, and accelerate the development of supply chains. The industry ministry aims to complete the new plans in about two months’ time, including for investment of JPY15tril (USD113bn) over 15 years in the public and private sectors, as it aims to lead the setting of global standards for the cleaner fuel.

Source: ESGNews