In a significant step for clean energy markets, Australia and Germany have each pledged EUR 200 million for a joint H2Global auction, marking a major step in their bilateral energy cooperation. This partnership aims to build global supply chains for renewable
hydrogen and its derivatives, creating clean fuel market and decarbonizing hard-to-abate sectors.
“Australia’s participation in H2Global marks a groundbreaking step, initiating the first tender for a new energy commodity trade route that will also cross the equator. Moreover, the Indo-Pacific region is vital for trade and industry, and over time, it will benefit from Australia’s exports of renewable hydrogen and its derivatives,” says, Markus Exenberger, Executive Director of H2Global.
Photo of H2Global
Press release https://shorturl.at/6HvV1
