Australia, a major natural gas exporter, is aiming to become a global leader in green hydrogen supply by commencing exports by the end of the decade. The government plans to incentivize this initiative with approximately A$8 billion in incentives over the next ten years, projected to catalyze A$50 billion in private investments. This financial support aims to enable the production of a minimum of 500,000 tons of renewable hydrogen annually and the export of at least 200,000 tons by 2030. The focus on green hydrogen is driven by the need to reduce emissions in energy-intensive sectors such as steelmaking. Although Australia has advantageous geographical conditions for setting up solar and wind infrastructure to support hydrogen production, predictions suggest that the US, Europe, and China will dominate 80% of the global supply by 2030. Energy Minister Chris Bowen highlighted the complementary role of hydrogen alongside electrification in enabling net zero pathways for challenging industries. By leveraging its abundant renewable energy sources, Australia aims to create opportunities in domestic manufacturing, including green metals, chemicals, and low-carbon fuels, while also targeting energy exports. The updated National Hydrogen Strategy outlines objectives for the country's hydrogen market, emphasizing cost competitiveness and identifying key demand sectors. Additionally, Australia has inked a significant agreement with Germany, unlocking A$660 million for collaborative hydrogen projects. This partnership is expected to further boost Australia's green hydrogen endeavors, positioning the country as a key player in the global green energy transition.