Earlier this year, the Albanese government pledged more than $800 million in production subsidies for a green hydrogen project in remote Western Australia. This formed part of the federal government’s $8.7 billion war chest to create incentives for green hydrogen.
Labor’s Future Made in Australia (FMIA) plan, revealed in 2024, included a $6.7 billion budget provision to provide a $2 incentive for each kilogram of green hydrogen produced between 2027 and 2028. FMIA has also committed $2 billion to new Hydrogen Headstart initiatives.
Energy Minister Chris Bowen claimed the subsidies represent a “globally significant” project.
