Australia: Funding first hydrogen project in Australia

May 4th, 2021

Mondaq, Other, 03/05/2021, Clare Corke, Cameron Busch, Tobias Hill and Corrs Cha
Following US President Joe Biden’s recent commitment to cutting the United States’carbon emissions by 50-52% below 2005 levels by 2030, the Morrison Government, who are committed to a 26-28% cut by 2030, announced a further A$540 million would be allocated in its upcoming budget to hydrogen to support the establishment of five hydrogen hubs to be operational by 2022. […] The CSIRO has predicted that long-term ‘take or pay’offtake agreements of 20 to 25 years with a flat demand profile will be the most desirable in the near-term.

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