Fortescue, a major Australian mining and energy company, has announced the temporary halt of its ambitious goal to produce 15 million tonnes of renewable hydrogen annually by 2030. This decision came as part of a broader restructure involving the merger of mining and energy divisions and the reduction of 700 jobs across the business. Although the news disappointed stakeholders anticipating the growth of a green hydrogen sector in Australia, Fortescue's founder, Andrew 'Twiggy' Forrest, emphasized the need to find cost-effective production methods. The announcement highlighted the necessity of a coordinated approach at a national and global level to support future green industries, including renewable hydrogen. The Climateworks Centre has identified renewable hydrogen as a key player in Australia's energy transition, especially in sectors that cannot be easily electrified. The Future Made in Australia policy serves as a vital framework that identifies industries requiring government support to incentivize private investment on a large scale. Renewable hydrogen has been recognized as meeting the policy's criteria for sustained comparative advantage in a net-zero global economy, emphasizing the importance of public investment to reduce emissions efficiently. Despite the slow start in the hydrogen market, initiatives like Hydrogen Headstart and production tax incentives aim to make green hydrogen projects more attractive to investors by providing price certainty and sharing the risk over a ten-year period. While private investment in the hydrogen market has faced challenges due to limited data and access to low-cost renewable energy, the government's interventions seek to address these hurdles. Fortescue's recent setbacks reflect the broader industry challenges and reinforce the need for collaborative efforts from government, industry, and finance sectors to achieve net-zero emissions targets. By addressing these challenges and leveraging opportunities, Australia can position itself as a key player in the growing renewable hydrogen market, offering a pathway to decarbonize various industries and contribute to a sustainable future.