Melbourne, Australia: The Australian Hydrogen Council believes the Future Made in Australia legislation represents a long-term solution that supports Australia’s economy through the energy transition, while ensuring a competitive advantage for new industries that will rely on hydrogen molecules and technology to succeed.
CEO of the Australian Hydrogen Council Dr Fiona Simon said:
“The Future Made in Australia Bill represents a vital Australian Government response to changes in global supply chains and energy security, as well as a necessary step to reinvigorate Australian capabilities and grow economic complexity.
“The energy transition is hugely challenging but it also presents an important opportunity for Australia to develop competitive advantage in renewable energy production, technology and use within the global marketplace, as well as ensuring ongoing prosperity in our region.
“Governments must be market creators at this stage of the energy transition, to enable the extensive reallocation of private funds alongside significant public expenditure required to support construction and operation of infrastructure in the public interest.
“Supporting hydrogen developments is in the national interest. The growth of Australia’s hydrogen industry supports both domestic decarbonisation and provides Australia with an opportunity to add value to existing raw exports and creating new export opportunities.”
More information in AHC’s submission here.
Download full media release statement PDF here.
