Australia Releases National Hydrogen Strategy to Lead Global Hydrogen Market

The Federal Government has launched a National Hydrogen Strategy to position Australia as a global leader in hydrogen production, usage, and export. The strategy outlines four objectives, supported by 34 actions, and is central to Australia’s renewable energy vision.

Key components include the Green Hydrogen Production Tax Incentive and the Green Hydrogen Headstart Program, funded by $8 billion from the 2024–25 Federal Budget. These initiatives aim to unlock $50 billion in private investments and boost Australia’s annual green hydrogen production to over one million tonnes by 2030, with long-term goals of reaching 15 million tonnes by 2050.

The strategy notes that Australia already accounts for 20% of global hydrogen projects, with a project pipeline valued at over $200 billion. Minister for Climate Change and Energy, Chris Bowen, emphasized that scaling Australia’s hydrogen industry will bolster the economy and help the country achieve its net-zero targets.

The launch coincided with a report by UNSW Sydney, exploring the feasibility of a hydrogen and green metals partnership between Australia and Germany. This collaboration aims to create a sustainable value chain for green steel, leveraging Australia’s renewable energy and mineral resources alongside Germany’s advanced industrial technologies.

With this strategy, Australia is set to become a renewable energy superpower, supporting global decarbonization efforts and securing its position in the international hydrogen market.

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