Australia unveils new green hydrogen subsidy for every kilo of H2 produced over a ten-year period

Government says the Hydrogen Production Tax Incentive will cost A$6.7bn in the medium term

Australian Prime Minister Anthony Albanese arriving in Parliament ahead of today's Budget speech by Treasurer Jim Chalmers.
Australian Prime Minister Anthony Albanese arriving in Parliament ahead of today's Budget speech by Treasurer Jim Chalmers.Photo: Getty
Published 14 May 2024, 14:44Updated 14 May 2024, 15:03