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Hydrogen Alert - Updates to Hydrogen Policy and Funding in Australia | K&L Gates LLP

[co-authors: Lilly May, Michael Kralic] There have been a number of policy and funding developments applicable to the hydrogen energy industry in Australia since the release of K&L Gates The H 2 Handbook in October last year. These developments have come at both commonwealth and state level and highlight the current governmental appetite to foster the emerging Australian hydrogen industry and to position Australia as a global hydrogen leader. This article reflects on the state of play across Australia, providing a high level consolidated overview of these updates and supplementing the Australian chapter of The H Australian Policy Updates New South Wales

Australian Updates to Hydrogen Policy and Funding

NSW) Government published the NSW Net Zero Industry and Innovation Program ( Program) as part of the NSW Net Zero Plan Stage 1: 2020-2030, which aims to achieve a 35% reduction in emissions compared to 2005 levels. AU$750 million will be invested under the Program by 2030 to help realise that aim. The Program has three areas of focus: Clean Technology Innovation - supporting the development of emerging clean technologies, including hydrogen. AU$195 million has been earmarked for this area. New Low Carbon Industry Foundations - creating the foundations for low emissions industries by building infrastructure and expanding the capability of supply chains. AU$175 million in funding has been allocated for this objective.

Australia will need to retool commodity exports to achieve net-zero emissions by 2050

Australia will need to retool commodity exports to achieve net-zero emissions by 2050 April 20, 2021, by Jasmina Ovcina As Australia gears up efforts to achieve net-zero emissions by 2050 it is clear that the nation would have to commercialize low emission technologies and change its energy mix in the next 30 years. Speaking on Monday ahead of a climate summit occurring this week, Australian PM Scott Morrison said that the Aussie government was charting its own course to ensure “Australia is well placed to prosper through the great energy transition of our time, consistent with the strong action on climate change. “ Australia aims to reduce its emissions by 70 percent per unit of GDP on 2005 levels, and halve it when considered in per capita emissions, by 2030. According to Morrison, Australia has lowered its emissions by 19 percent at the end of 2020 when compared to the 2005 levels.

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