INTIEAAustralia · Clean hydrogen and carbon capture investmentPolicyIn force

Clean hydrogen and carbon capture investment

The Australian Government has announced AUD 539.2 million investment in clean hydrogen and carbon capture and storage (CCS) and carbon capture, utilisation and storage (CCUS) as part of emissions reduction and economic recovery efforts in the 2021-2022 Budget, which is expected…

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Country / jurisdiction: Australia · Year: 2021 · Status: In force · Level: National · Type: Mandatory

The Australian Government has announced AUD 539.2 million investment in clean hydrogen and carbon capture and storage (CCS) and carbon capture, utilisation and storage (CCUS) as part of emissions reduction and economic recovery efforts in the 2021-2022 Budget, which is expected to create 2,500 jobs. This announcement includes: - AUD 275.5 million to support the development of four additional clean hydrogen hubs in regional Australia, trial a hydrogen certification scheme, and fund legal and market reforms. - AUD 263.7 million to support the development of CCS/CCUS projects and hubs.

Official source: https://www.industry.gov.au/news/clean-hydrogen-and-carbon-capture-investment-to-create-2500-jobs-while-reducing-emissions

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https://www.iea.org/policies/13483

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