Australia and Germany commit EUR 400 million to joint H2Global auction

Australian Minister for Climate Change and Energy, Chris Bowen, and German State Secretary for Economic Affairs and Climate Action, Anja Hajduk, announced a major expansion in bilateral energy cooperation that included committing EUR 200 million each to a joint H2Global auction.

Both nations signed a Joint Declaration of Intent, agreeing to contribute a combined EUR 400 million to a bilateral H2Global tender. This initiative aims to address the cost-of-difference of renewable hydrogen and its derivatives while establishing global supply chains for renewable hydrogen products.

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