Tracking Green Hydrogen: Australia's Proposed Certification Scheme
Key Ideas
- Australia is considering Future Made in Australia laws to track and verify emissions associated with hydrogen, renewable electricity, and other energy sources.
- The proposed certification scheme aims to ensure accountability for green hydrogen production using renewable energy, aligning with European frameworks for blue and pink hydrogen.
- Experts emphasize the importance of demonstrating alignment with best practices to attract investment and support the decarbonization of industries like steel manufacturing.
- Efforts to establish a guarantee of origin scheme for green hydrogen seek to boost confidence in investors and promote the shift towards clean energy solutions.
The Australian Hydrogen Council chief executive, Fiona Simon, highlighted the significance of the proposed certification scheme that would track and verify emissions associated with hydrogen, renewable electricity, and potentially other energy sources. The scheme aims to hold producers accountable and ensure the credibility of green hydrogen production using renewable energy sources. While Europe's framework covers blue and pink hydrogen, the focus in Australia remains on green hydrogen to support the transition to a decarbonized future.
Nicole Wyche, an industry decarbonisation expert from WWF-Australia, stressed the fundamental nature of the legislation to demonstrate Australia's alignment with best practices, highlighting the implications for iron ore-rich Western Australia lacking a renewable energy target. The need to attract investment quickly is pressing, as Asian steel manufacturers prepare for Europe's carbon border adjustment mechanism. The urgency to kickstart major industrial revolutions in sectors like steel emphasizes the importance of initiating actions promptly.
Investors are urged to consider the certification scheme as a tool to enhance confidence in sustainable investments. The scheme's potential to track green hydrogen production down to the hour could provide transparency and assurance to consumers looking to transition from fossil fuels. The industry's eagerness to see the legislation pass reflects the crucial role that green hydrogen plays in driving the shift towards clean and sustainable energy solutions.