The UK government has laid out plans to fund around £1.5bn ($1.8bn) in green hydrogen production subsidies with proceeds from a proposed levy on gas companies in the country.
In a consultation launched yesterday (Thursday), the Department of Energy Security and Net Zero (DESNZ) proposed collecting the levy via a so-called Gas Shipper Obligation (GSO), in which gas firms would be charged for each quantity of gas delivered to customers.
Set to be introduced in 2028, the measure would need to raise around £150m per year over the ten years analysed, a cumulative total of £1.5bn over the period.
