The Australian government has unveiled its updated 2024 National Hydrogen Strategy, building on the 2019 version to provide a roadmap for Australia's hydrogen production, use, and export. The strategy focuses on enhancing global cost competitiveness by supporting the development of the hydrogen industry at a significant scale. It outlines four key objectives: 'Supply', 'Demand and decarbonisation', 'Community benefit', and 'Trade, investment and partnerships'. Key targets include producing at least 15 Mt/year of hydrogen by 2050, with a stretch potential of 30 Mt/year, achieving a base export target of 0.2 Mt/year of renewable hydrogen with a stretch potential of 1.2 Mt/year, and reducing between 93 and 186 MtCO2/year by 2050. The government also intends to enhance monitoring, benchmarking, and public reporting through initiatives like the annual State of Hydrogen report and conducting strategy reviews every 5 years. The Strategy will be supported by production incentives under the AUD22.7bn (US$15.2bn) Future Made in Australia plan, including the Hydrogen Production Tax Incentive (HPTI) and the expanded Hydrogen Headstart Program.