Japan Hydrogen Update – “Time to Embark” Application for CfD Subsidy Approaching
Authors:
Hirofumi Taba, Daniel Senger, Kentaro Okamoto
Japan Hydrogen Update – “Time to Embark” Application for CfD Subsidy Approaching
On 24 May 2024, Japan enacted the Hydrogen Society Promotion Act, which introduced a 15-year contract-for-difference support subsidy (“CfD Subsidy”) to provide approved business plans for the supply of low-carbon fuels such as hydrogen, ammonia, e-methane and synthetic fuels. Funded through the JPY 20 trillion "GX economy transition bond programme", JPY 3 trillion was allocated to the CfD Subsidy.
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