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Three policy areas the hydrogen industry needs to accelerate in 2021

Three policy areas the hydrogen industry needs to accelerate in 2021

The inauguration of Joe Biden as US President is likely to cement the global shift to sustainable energy use. Biden’s ambitious $2 trillion climate proposal includes an emissions-free electricity grid in 15 years and a target of net-zero emissions across the entire economy by 2050. Part of his climate proposal includes using renewables to produce carbon-free hydrogen at the same cost as that from shale gas.

This reinforces the hydrogen opportunity – hydrogen’s time has most definitely arrived and now we need to make it happen at scale. In Australia, we have a goal to get hydrogen under $2 per kilogram. We can do this if Australian policy settings match the pace of industry development.

Here are three policy areas the hydrogen industry needs to accelerate in 2021.

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