What is hydrogen energy? And what's the difference between blue and green hydrogen? | News glossary
Though the extent of its future role remains unclear, green hydrogen has increasingly been backed by national governments, particularly the US through last year’s Inflation Reduction Act, which included A$370bn for clean energy – a figure so large it has prompted concern it would draw investment away from other countries.Bowen said the hydrogen commitment would “position Australia to take advantage of the immense jobs and investment potential of the technology”.
Scientists have estimated about $1.7bn a year is needed to fix Australia’s degraded ecosystems and wild places.$18m to reform management of Australia’s contentious carbon offsets scheme in line with recommendations from a review headed by Prof Ian Chubb. There is $5.9m to audit forest regeneration projects, which some experts say are not leading to real emissions cuts.
$872.5m in savings from scrapped water projects announced under the former Coalition government. It includes $595m over seven years from axing the controversial Dungowan dam in NSW. Previously announced measures including a net zero authority to help manage the shift to a clean economy; a capacity investment scheme to underwrite clean, dispatchable electricity generation; and $262.3m for upgrades to degraded national parks.
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