22 April 2021 6:29 GMT Updated 22 April 2021 6:29 GMT in Perth
The Australian government has unveiled over A$1.1 billion (US$851.6 million) in additional funding in its upcoming budget to help cut emissions.
Australian Prime Minister Scott Morrison revealed this week that the government would set aside A$539.2 million in the upcoming 2021-2022 budget to invest in new hydrogen and carbon capture and storage (CCS) projects
This will include A$275.5 million directed towards helping accelerate the development of four additional clean hydrogen hubs in regional Australia, as well as for the implementation of a clean hydrogen certification scheme.
The remaining A$263.7 million will be used to help support the development of CCS and carbon capture, storage and utilisation (CCUS) hubs.
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Cutting emissions and creating jobs with international partnerships
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Joint media release with the Prime Minister
New investments in clean hydrogen and carbon capture technologies are set to create around 2,500 jobs, support Australian industry and manufacturing into the future and further drive down Australia’s emissions.
The Morrison Government’s 2021-22 Budget will invest a further $539.2 million in new clean hydrogen, carbon capture, use and storage (CCS/CCUS) projects that will support Australian industry, create jobs, help cut emissions and drive investment.
$275.5 million to accelerate the development of four additional clean hydrogen hubs in regional Australia and implement a clean hydrogen certification scheme.
$263.7 million to support the development of CCS/CCUS projects and hubs.