PV and wind could meet global energy demand 100 times over... Australia, in particular, is uniquely positioned to capitalise on the transition as one of the few developed countries with vast renewables potential and a low population.
Australia's federal government has pledged a further $$275.5 million to develop regional hydrogen hubs and $263.7 million for carbon capture and storage technology in a pre-budget announcement ahead of the climate summit on Thursday.
A Memorandum of Understanding (MoU) has been signed between the South Australian Government and the Port of Rotterdam Authority to undertake a feasibility study exporting green hydrogen made in South Australia to Rotterdam, Europe's largest port.
The NSW government will spend $70 million to support the development of a new hydrogen hub in the Hunter, as the government braces for an accelerating exit of the state's coal generators, many of which are clustered within the region.
The most advanced attempt to export zero-emissions hydrogen from Australia to Asia has begun production in Victoria's Latrobe Valley, boosting hopes that some jobs lost from the closure of coal-fired power plants may be recovered in the transition