Renewable Energy in the 2020/21 Victorian State Budget

The 2020-2021 Victorian Budget will see an injection of Victorian Government capital to continue encouraging investment in renewable energy technologies across Victoria. The Victorian Government has announced that it will invest a total of $540 million over the next four years to establish six renewable energy zones (REZs) across Victoria. The REZ’s will be located … Read more

UK Government announces plan for a Green Industrial Revolution

Today the Prime Minister Boris Johnson has set out the Government’s ten point plan for what it is calling the green industrial revolution. This is part of the blueprint for the UK to meet the legally-binding target to produce net zero carbon emissions by 2050. The ten points of the plan are: Offshore wind – … Read more

Federal government investment in emerging technologies and funding changes for ARENA and CEFC

This week the Australian federal government announced a $1.9 billion funding package targeting new and emerging technologies for the Australian Renewable Energy Agency (ARENA) and the Clean Energy Finance Corporation (CEFC). This provides important funding certainty to ARENA and CEFC and is expected to substantially assist in Australia’s energy transition towards a lower emissions energy … Read more

EU Hydrogen Strategy – a call to action

On 8 July 2020, the European Commission (the “Commission“) published its European Hydrogen Strategy (the “Hydrogen Strategy“) and launched the industry-led European Clean Hydrogen Alliance (the “ECHA” or the “Alliance“). (1) The European Hydrogen Strategy (A) Background: A Policy Framework for Energy Transition & Decarbonisation The Hydrogen Strategy sets out the Commission’s vision for how … Read more

A NATIONAL HYDROGEN STRATEGY: SHAPING POSSIBILITIES FOR AUSTRALIA’S HYDROGEN ECONOMY

Hydrogen is a hot topic in the global energy sector – and Australia could be a key player in the emerging international market.A recent report commissioned by the Australian Renewable Energy Agency (ARENA) examined the hydrogen export opportunities for Australia, estimating that by 2040 global demand could be valued at between $2.6 billion and $13.4 billion. The Australian hydrogen industry could have an associated domestic economic contribution of over $4 billion by 2040, as well as opportunities for ...
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