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The hydrogen market and opportunity in Oceania

The hydrogen market and opportunity in Oceania

Hydrogen is poised to fulfil its potential as a clean alternative to hydrocarbons in the global pursuit of decarbonisation to address climate change. Australia and New Zealand are both investigating the most appropriate applications and transition pathway for hydrogen within their energy systems and economies, making best use of their existing natural, social, cultural, human and financial resources.

In September 2019, New Zealand revealed its Green Paper – A Vision for Hydrogen in New Zealand that lays out the role hydrogen can play in the country’s economy. While hydrogen produced from fossil fuels and industrial processes (brown, blue and grey) may play a role in the transition of New Zealand’s regions and existing industries, the government considers there is greater opportunity for New Zealand in exploring the use of its renewable energy to produce green hydrogen as an alternative fuel for domestic use and for export.

Two months later (November 2019), Australia released its National Hydrogen Strategy setting out a vision for a clean, innovative, safe and competitive hydrogen industry that benefits all Australians. Australia has the resources, and the experience, to take advantage of increasing global momentum for clean hydrogen and make it the next energy export. There is potential for thousands of new jobs, many in regional areas – and billions of dollars in economic growth between now and 2050.

Market – Australia
Hydrogen has gained much attention in Australia this year, with the country’s Chief Scientist Dr. Alan Finkel even hailing it the “hero” fuel in Australia’s quest to reduce emissions and combat the effects of climate change.

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