Spanish energy utility Iberdrola has committed to investing €3bn ($3.2bn) in green hydrogen as part of its efforts to expedite the European Green Deal.
Initially agreed on in 2020, the European Green Deal calls for a 55% reduction in greenhouse gas emissions by 2030 and to make Europe climate-neutral by 2050.
Iberdrola chairman Ignacio Galán announced the investment plan at the World Economic Forum in Davos, Switzerland, this week.
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