Hydrogen subsidy rules enough to spur green investment: Industry


Brandon How
Reporter

Industry groups have backed the exclusion of strict ‘green’ rules from billions of dollars in hydrogen tax incentives under the Future Made in Australia program, despite such rules featuring in equivalent programs overseas.

The proposed rules avoid complex requirements that could inhibit early-stage projects, experts say, with some confident the incoming Guarantee of Origin emissions certification scheme will verify green credentials for potential export partners.

But others argue the exclusion of key renewable energy rules used in the European Union and the United States mean Australia’s definition of ‘green’ hydrogen is out of step, and will limit Australia’s export opportunities.

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