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Europe Unveils Plan to Boost Hydrogen Market in Green Recovery

Written by Ewa Krukowska

Europe is pinning its green hopes on hydrogen in a plan that sees hundreds of billions euros in investment flowing into the clean technology and fueling a climate-friendly economic recovery.

The goal is to increase sixfold the capacity to produce renewable hydrogen by 2024, driving down the costs of the fuel. The market for hydrogen has the potential to create thousands of jobs and could all but eliminate emissions from industry and transport, according to a roadmap adopted by the European Commission on Wednesday.