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AHC proposes $10bn net zero fund to unlock Australia’s hydrogen opportunity

AHC proposes $10bn net zero fund to unlock Australia’s hydrogen opportunity

Australia urgently needs a national approach to creating a viable hydrogen energy industry.

That’s according to a new whitepaper released today (Sep 27) by the Australian Hydrogen Council that believes the establishment of a net zero fund to accelerate hydrogen utilisation is needed.

Titled Unlocking Australia’s Hydrogen Opportunity, the Council’s first-ever white paper suggests the Australian Government allocated $10bn for the net zero fund that would support large-scale industries decarbonise.

According to the Council, such fund would be administered by a net zero authority, created for purpose, and will cover a broad range of player from research to commercialisation, from grants to finance.

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