The Albanese government in Australia has introduced ambitious targets for renewable hydrogen production by 2050, aiming for at least 15 million tonnes annually. Energy Minister Chris Bowen highlighted the importance of setting early export targets, with goals of 200,000 tonnes by 2030 and 1.2 million tonnes per year as a stretch target. The strategy aims to aid in the decarbonisation efforts of industries and transportation that cannot easily transition to electricity, potentially avoiding significant carbon dioxide emissions. Despite setbacks, including billionaire Andrew Forrest scaling back green hydrogen ambitions, the industry is poised for growth, with estimates suggesting a fourfold increase in hydrogen demand if zero-emission pathways are pursued. The government has allocated substantial funds, including $4 billion for 'head start projects' and $8 billion over the next decade to subsidize production. A recent $660 million partnership with Germany to develop green hydrogen signifies international collaboration. However, a controversial Victorian plan to produce hydrogen from brown coal was not included in the strategy, reflecting the focus on renewable energy sources. The industry remains optimistic, with the government emphasizing the resilience and value of clean energy supply chains, positioning Australia as a key player in the global energy market.