Australia’s ambitions to become a major producer of green hydrogen may follow a similar trajectory to the US’s move away from renewable energy if the government loses elections due by mid-May, according to project ratings agency HySights Pte Ltd.
Australia's green hydrogen ambitions may falter if the current government loses the upcoming election, according to HySights Pte Ltd. The Labor government has invested over $5 billion in incentives to develop the industry using renewable resources. However, the sector requires continued government support and faster implementation to succeed. Queensland's withdrawal from financial investment further raises concerns about the federal government's ability to meet its clean energy goals.
