This agreement signifies a significant step towards achieving the ambitious goals of the Paris Agreement and the European Green Deal. It also highlights the potential of Australia as a global leader in green hydrogen production and export. The deal will facilitate the development of new green hydrogen production facilities in Australia, leading to the creation of new jobs and economic opportunities. It will also contribute to the reduction of greenhouse gas emissions in Australia and globally.

We need to be able to produce it at scale and at a competitive price,” Bowen said. The two ministers discussed the importance of hydrogen as a clean energy source and its potential to contribute to the global energy transition. They also highlighted the importance of international collaboration in developing and deploying hydrogen technologies.