Australia and Germany commit EUR 400 million to joint H2Global auction
Brisbane, September 13, 2024 – Today, Australian Minister for Climate Change and Energy, Chris Bowen, and German State Secretary for Economic Affairs and Climate Action, Anja Hajduk, announced a major expansion in bilateral energy cooperation that included committing EUR 200 million each to a joint H2Global auction.
Both nations signed a Joint Declaration of Intent, agreeing to contribute a combined EUR 400 million to a bilateral H2Global tender. This initiative aims to address the cost-of-difference of renewable hydrogen and its derivatives while establishing global supply chains for renewable hydrogen products.
Australia’s participation in the H2Global scheme is a groundbreaking step, marking the ...