Portugal

Portugal plans for a green future

By 11 avgusta, 202026 julija, 2021No Comments

Portugal is steering toward a post-coronavirus green economy.

The country is preparing a handful of multibillion-dollar projects, including a new hydrogen plant. The government is also holding a licensing auction for new solar energy plants in June, which had been delayed. The solar-powered hydrogen plant is expected to produce cleaner energy than fossil fuels, and it is estimated that it will attract more than $5 billion in private investment. “The economy cannot grow along the lines of the past and our post-coronavirus vision is to create wealth from projects that reduce carbon emissions and promote energy transition and sustainable mobility,” said Environment Minister João Matos Fernandes. Work on building the hydrogen plant will start within a year, according to Mr. Fernandes. (Reuters)

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