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Committee on Climate Change Report
Committee on Climate Change Report.
About this update from Itm Power Plc
[{"type":"text","content":"\n \nRNS Number : 9605X ITM Power PLC 03 May 2019 \n\n3 May 2019\n \nITM Power plc\n(\"ITM Power\" or the \"Company\")\n \nCommittee on Climate Change Report\nHydrogen to play a key role in reducing emissions\n \nITM Power (AIM: ITM), the energy storage and clean fuel company, is pleased to note the publication yesterday of the report of the Committee on Climate Change (\"CCC\"), requested by the UK, Scottish and Welsh Governments in light of the Paris Agreement and the Intergovernmental Panel on Climate Change's Special Report in 2018. The report, \"Net Zero - the UK's Contribution to Stopping Global Warming\" (\"the Report\"), states that the UK can end its contribution to global warming within 30 years by setting an ambitious new target to reduce its greenhouse gas emissions to zero by 2050. The Government is considering the report and is expected to adopt its recommendations.\n \nAt the very start of the Report, it highlights, in a detailed 48 page section, the vital role that hydrogen could play to achieve such a target. In Table 2.1 \"Summary of net-zero implications for energy system infrastructure\" the Report predicts (depending on load factor) between 6 GW (6,000 MW) and 17 GW (17,000 MW) of electrolyser capacity to be required in the UK by 2050. This implies an average build rate of up to 567MW of electrolysis per annum for 30 years.\n \nThe Report highlights the importance of hydrogen in enabling the UK to meet the targets: \"The difference in the role for hydrogen in our Core scenario (that would broadly deliver the UK's existing emissions targets) and our Further Ambition scenario (required for a net-zero emission target) is striking. Low-carbon hydrogen moves from being a useful option to a key enabler. Updates to policy alongside adoption of our recommended target should reflect that.\"\n \nThe Report also covers the potential for hydrogen in reducing emissions in heating and cooking, the use in industry of green hydrogen, in fuel cell electric vehicles, in ports and in agriculture.\n \nThe announcement from the CCC is available at: https://www.theccc.org.uk/2019/05/02/phase-out-greenhouse-gas-emissions-by-2050-to-end-uk-contribution-to-global-warming/.\n \nThe full report is available at: https://www.theccc.org.uk/publication/net-zero-the-uks-contribution-to-st...