Australia, known for its iron ore production, is at the forefront of a significant transition towards green iron, a material with neutral CO2 emissions. The country's iron industry, vital for its economy, is facing challenges due to emissions and strict pollution regulations. To address this, Australia plans to adopt green iron production by 2028, utilizing green hydrogen in the direct reduction iron (DRI) process to eliminate CO2 emissions. The government's initiative, Future Made in Australia, includes the Hydrogen Headstart program to incentivize local companies to produce green iron. These incentives aim to ensure the industry's competitiveness post-implementation of carbon emission regulations. Projects like Quinnbrook Infrastructure Partners' A$3.5 billion green iron project are poised to benefit from this program. Hydrogen's prominence extends beyond Australia, with the global economy shifting towards hydrogen as a key resource. The scope of hydrogen applications is vast, from power generation to transportation, signaling a greener future. This transition underscores Australia's strategic move towards sustainable practices and aligns with the global trend of embracing hydrogen for decarbonization.