US Inflation Reduction Act ‘real risk’ for Australia in green hydrogen race

Fortescue Future Industries Director Guy Debelle highlights the threat of the Inflation Reduction Act (IRA) overwhelming Australia's renewable energy advantages, potentially diverting investment and capturing export markets. Australia aims to capitalize on the green hydrogen demand but must act swiftly to avoid losing to competitors like the US. The government is ambitious about establishing a green hydrogen sector, with plans to scale up development through programs like the Hydrogen Headstart.

Source:

https://www.pv-magazine.com/2023/06/08/us-inflation-reduction-act-real-risk-for-australia-in-green-hydrogen-race/

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