Read on Twitter
New report from @Policy_Exchange calling for more Government spending on capital investment.
Three examples of post-COVID infrastructure plans:
1. EV charging infrastructure
2. Gigabit broadband
3. R&D investment in low carbon tech, including hydrogen.
1/5
Three examples of post-COVID infrastructure plans:
1. EV charging infrastructure
2. Gigabit broadband
3. R&D investment in low carbon tech, including hydrogen.
1/5
On EV charging:
EV charging infrastructure investment is a rare
example of a relatively shovel-ready project. The Government could support its development in tandem with the private sector by, amongst other things, taking same approach to de-risking as it did for wind power:
2/5
EV charging infrastructure investment is a rare
example of a relatively shovel-ready project. The Government could support its development in tandem with the private sector by, amongst other things, taking same approach to de-risking as it did for wind power:
2/5
On EV charging (2):
Switching subsidies from a one-off contribution to the initial cost of capital to a guarantee of minimum revenue stream, an approach which has a track-record of success in the case of wind power.
3/5
Switching subsidies from a one-off contribution to the initial cost of capital to a guarantee of minimum revenue stream, an approach which has a track-record of success in the case of wind power.
3/5
On hydrogen:
Three policy recommendations made by @Policy_Exchange in 2018, that remain appropriate today:
1. Enabling innovative hydrogen transport pilots - for example through a "Hydrogen Bus Town".
2. Developing low carbon industrial hubs
3. Encouraging green gas
4/5
Three policy recommendations made by @Policy_Exchange in 2018, that remain appropriate today:
1. Enabling innovative hydrogen transport pilots - for example through a "Hydrogen Bus Town".
2. Developing low carbon industrial hubs
3. Encouraging green gas
4/5
On hydrogen (2):
Both blue and green hydrogen are likely to have a role in the long term. However, green hydrogen is a more immediate opportunity. Green hydrogen often does not require extensive pipeline infrastructure, and does not require underground carbon storage.
5/5
Both blue and green hydrogen are likely to have a role in the long term. However, green hydrogen is a more immediate opportunity. Green hydrogen often does not require extensive pipeline infrastructure, and does not require underground carbon storage.
5/5
Lots more the in report - including on changing fiscal rules, focusing on quality not quantity, and prioritising local and small projects.
