The poor economics of green hydrogen have led to widespread project cancellations across Australia and globally, including in China.
According to the Australian Financial Review, “more than 130 projects linked to hydrogen have received federal taxpayer money going back to 2017, according to the government’s grants register. While many pre-date this government, easily the largest came after the 2023 budget frenzy”.
In March, The Australian reported that 99% of the announced hydrogen capacity had not moved beyond the concept stage.
