The Act on the Promotion of Supply and Utilisation of Low-Carbon Hydrogen and its Derivatives for a Smooth Transition to a Decarbonised, Growth-Oriented Economic Structure (Hydrogen Society Promotion Act) mandates the formulation of a basic policy for promoting the supply and use of low-carbon hydrogen; establishes a new business plan approval regime; implements support mechanisms (e.g. subsidies) and special regulatory exemptions for approved business plans; and provides for the drafting of a code of conduct for hydrogen suppliers.
Hydrogen Society Promotion Act
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Year
2024
Most recent update
23/10/2024
Geography
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Mitigation
Sectors
Energy
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Policy instrument
Fossil fuel
Greenhouse gas
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Finance
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