KING Felipe VI of Spain and King Willem-Alexander of the Netherlands have inaugurated an eco-friendly shipping corridor by bestowing royal favour on green ammonia, part of Spain's plan to become Europe's hub for clean energy, reports Bloomberg.
Spain is ramping up EUR18 billion (US$19.5 billion) in investments to produce and distribute hydrogen generated from renewable power - representing Europe's most ambitious effort to back officialdom's current carbon craze.
The 'Field of Dreams' approach assumes that once supply is built, demand will come. But France and Germany have started to doubt the Green Deal, which hopes to produce 10 million tons of clean hydrogen by 2030, once the plan is stalled by concerns over the costs involved.
Adding to the uncertainties, a snap election on July 23 could usher in a new government less willing to spend on this sector. That could repeat history, with Spain yanking a 2007 programme to subsidise photovoltaic panels after liabilities spiraled out of control.
SeaNews Turkey
Spain is ramping up EUR18 billion (US$19.5 billion) in investments to produce and distribute hydrogen generated from renewable power - representing Europe's most ambitious effort to back officialdom's current carbon craze.
The 'Field of Dreams' approach assumes that once supply is built, demand will come. But France and Germany have started to doubt the Green Deal, which hopes to produce 10 million tons of clean hydrogen by 2030, once the plan is stalled by concerns over the costs involved.
Adding to the uncertainties, a snap election on July 23 could usher in a new government less willing to spend on this sector. That could repeat history, with Spain yanking a 2007 programme to subsidise photovoltaic panels after liabilities spiraled out of control.
SeaNews Turkey