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Boost EU hydrogen bank funding, distribute subsidies fairly, European Parliament urges

( December 14, 2023, 15:03 GMT | Official Statement) -- MLex Summary: The European Hydrogen Bank’s budget should be substantially increased, and its funds allocated fairly across member states by using regional auctions, the European Parliament has urged. The hydrogen bank is an initiative to boost green hydrogen production, currently focusing on providing auction-based subsidies. The EU executive now has three months to reply to parliament’s “own initiative” report.Press release follows....

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