Australia is targeting production of 15m tonnes of green hydrogen – with a stretch potential of 30m annually – by 2050, according to a ‘revitalised’ National Hydrogen Strategy 2024.
Setting out decade markers, Australia aims to begin industry activation and initial scale production (2020-2030), increase scale production and export of hydrogen and derivatives (2030-2040), and scale up export and consolidation of domestic use, including more challenging uses such as aviation (2040-2050). It aims to produce 0.5-1.5m tonnes by 2030.
The Australian Government will implement ‘significant production support’ through the Hydrogen Production Tax Incentive and Hydrogen Headstart programmes.
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