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<p>At Spring Budget 2020, the Chancellor announced a commitment of at least £800m
for the deployment of Carbon Capture and Storage (CCS) in the 2020s. These assets
will play an important role in the production of hydrogen made from fossil fuels,
known as “blue” hydrogen.</p><p> </p><p>Furthermore, in 2019, the Government announced
a £100m Low Carbon Hydrogen Production Fund to incentivise future private sector investment
in low carbon hydrogen, while earlier this year, the Government published a response
to a consultation on CCS business models, including for low carbon hydrogen production.</p><p>
</p><p>These measures will ensure that the UK economy is well-placed for future strategic
decisions on the use of hydrogen, and that the private sector has confidence to provide
investment.</p>
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