Australia’s green export ambitions face hurdles
Green hydrogen presents unique costs challenges as government looks to replicate country’s long-standing success as an exporter of iron ore and other natural resources
Australia has unveiled plans to become a global leader in green hydrogen production and exports as part of its ongoing green energy transition. Not only does the country account for around 20% of the world’s announced green hydrogen project, according to IEA figures, but Canberra’s dream of becoming a leading exporter means the country accounts for half of globally announced export-oriented projects. The government appears to be betting on its ability to replicate the success seen in the country’s natural resource sectors. Australia’s long-standing success as a major exporter of iron ore, coal and gas has been a cornerstone of its economic growth. By leveraging this established model, the go
Also in this section
20 January 2025
China and India are leading the region in terms of electrolyser development, while Australia accounts for nearly half of Asia’s active hydrogen projects
17 January 2025
Bank’s UK arm signs first deal to finance a green hydrogen developer, but cost and offtake pressures mean the sector remains too risky for many lenders
15 January 2025
The country’s technology-neutral position and competitive business environment mean it is looking to be surfing the second wave of the energy transition while others are still grappling with the first
14 January 2025
With abundant wind and sunshine, Africa is poised to lead in green hydrogen production. Yet high costs and financing challenges require global partnerships to unlock the continent's potential