In fact for the green initiative, Portugal estimates to invest 7 billion euros by 2030.
Following the above, Minister for the Environment and Climate Action Joao Pedro Matos Fernandes told Xinhua: "The objective is to renew Portugal's energy matrix. With these measures, the government plans to gradually introduce hydrogen as a sustainable pillar of the transition to a decarbonized economy."
What is more, the Council of Ministers on Thursday gave the green light to the "National Energy and Climate Plan 2030" and the "National Hydrogen Strategy" (EN-H2).
Among others, one part of their plan is the construction of a "green energy" production unit in the city of Sines with an investment of more than 2.85 billion euros.
Through the investment, Portugal goals to drop GHG emissions by 45% and 55%. "The current context of the pandemic caused by COVID-19 reinforces the need for Portugal to fulfill its objective of achieving carbon neutrality by 2050," as Fernandes continued.
Concluding, Portugal aims to decarbonize its transport field and industry, as it plans to establish a collaborative laboratory for research and development (R&D) activities concerning green hydrogen.