The United States maintained its position at the top of the index, bolstered by recently passed laws boosting tax aid for green hydrogen.
A $3 tax credit over 10 years for every kilogram of the fuel produced could make US green hydrogen the world’s cheapest, says the survey. This in turn could cut prices for steel, cement and glass produced using green hydrogen, allowing these materials to compete with versions made using fossil fuel. China held second place on the index on the basis that this is likely to be a record year for investment in wind and solar power in the world’s second biggest economy.
“The report highlights that globally the transition to renewable energy has become even more urgent amid soaring gas prices, geopolitical tensions, supply chain shortages and extreme weather events,” said Mr Prendiville.IN THIS SECTION
That's fairly poor, considering our excellent natural resources, and that we've greenparty_ie in Government. Then again, perhaps it's reflective of the poor quality of our politicans