Australia's Green Hydrogen Revolution Gains Momentum with Guarantee of Origin Scheme
Key Ideas
- The Albanese government in Australia is pushing for the implementation of a Guarantee of Origin (GO) Scheme to certify hydrogen production as renewable and low-emission, aiming to support the country's net zero industries.
- The scheme, overseen by the Clean Energy Regulator, will offer certificates for renewable energy (REGO) and low-emission products, with plans to expand coverage to other clean products in the future.
- Significant financial commitments have been made to establish the GO scheme, with budgets allocated in multiple federal budgets to support the development, implementation, and ongoing operation of the scheme.
- The Assistant Minister for Climate Change and Energy emphasizes the scheme's role in unlocking investment in Australia's clean industries, enhancing competitiveness in global markets, and creating opportunities for businesses to market their low-emission credentials.
The Albanese government in Australia is making significant strides in promoting renewable and low-emission hydrogen production through the development of a Guarantee of Origin (GO) Scheme. This scheme, which aims to certify hydrogen products as being made with renewables and low-emissions energy, is set to be operational next year to coincide with the introduction of production tax credits for renewable hydrogen from 2027.
The GO Scheme, managed by the Clean Energy Regulator, is designed to ensure integrity and competition in the emerging market. It will issue certificates for renewable energy (REGO) and low-emission products, initially focusing on hydrogen production. The government plans to expand the scheme to cover other clean products like low-carbon liquid fuels, green metals, biomethane, and biogas in the future.
Financial commitments have been made to support the establishment of the GO scheme, with substantial funding allocated across federal budgets for its setup and ongoing operation. The Assistant Minister for Climate Change and Energy, Josh Wilson, highlighted the scheme's importance in driving investments in Australia's net zero industries, enhancing competitiveness, and creating opportunities for businesses to showcase their low-emission credentials.
The GO scheme is seen as a crucial step towards promoting sustainability, economic development, and job creation in Australia's clean energy sector. With strong government support and a clear roadmap for implementation, the green hydrogen revolution in Australia is gaining momentum, signaling a positive future for the country's clean energy transition.
Topics
Green Hydrogen
Renewable Energy
Clean Energy
Sustainability
Investment
Economic Development
Legislation
Industry Trials
Emissions Certification
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