The role of government

Watch the video of Fiona Simon where she discusses the importance of government backing in the hydrogen sector.

It is clear from her message that the Hydrogen industry requires a lot of support both financially and with relevant policy to play its role in creating a cleaner energy transition.

Some notable examples of this are two major policies that have been announced during the development and creation of this course.

1. The US Inflation Protection Act (IRA), 2022 mentioned in step 1.12. This act creates a tax credit to produce clean hydrogen for projects commencing before 2033. This comes at an estimated cost of US$369 Billion in that time. This act has significantly changed the global political landscape on Hydrogen investment.
2. In the 2023 budget the Australian Government has announced AUD$2 billion, for a new Hydrogen Headstart program to scale up development of Australia’s renewable hydrogen industry.

Your task

Are you aware of any other investments (government or other) in hydrogen in Australia or your own country? Share in the comments below.