The Council’s comments followed the Federal Government’s announcement of channelling future investment to hydrogen as part of emissions reductions, but warned that Australia “will miss the boat if we don’t act soon”.
“Realising the benefits of this new industry means we must take action now, so that we do not lose our logical lead position to supply renewable hydrogen to Asia,” said Council CEO Dr Fiona Simon.
The Council said the Government’s announcement by Energy Minister Angus Taylor had highlighted the Australian Government’s recognition of the role of hydrogen in moving toward a clean energy industry, and Dr Simon said, “Australians have reaped the benefits of the last decade of wind and solar investments, but we know that the “hero” hydrogen is crucial for Australia’s future energy and storage mix”.
“Developing hydrogen as part of the long-term energy mix can have enormous payback for Australians. Clean hydrogen allows Australia to reduce our carbon emissions. Large scale hydrogen production will mean new jobs and a major new export market.
“We hope that the Technology Investment Roadmap can support and help drive the work being done by governments and industry to progress the technologies necessary to get the industry to scale."
Dr Simon said the Council was “particularly pleased” to hear that Dr Alan Finkel will chair the Technology Investment Roadmap Ministerial Reference Group.
“We look forward to working with Dr Finkel on technology investment, and to continued collaboration with governments more broadly to establish the policy, processes and market mechanisms necessary to scale up Australia’s hydrogen sector.”