Japan has today (May 17) passed the Hydrogen Society Promotion Act that will provide a 15-year subsidy for Japanese-produced and imported low-carbon hydrogen.
Passed through Japan’s House of Councillors with no definition of the subsidy prices, it appears importers will be able to stack the subsidy with those of the country where the hydrogen is produced.
It comes as the nation looks to boost its hydrogen supply to around 12 million tonnes in 2040, just days after Australia, a potential key hydrogen exporter, unveiled a $4.4bn package for an AUD $2/kg renewable hydrogen tax credit.
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