The transport industry is making headways and attracting important government investments to fast-track Australia’s net zero goals and supporting our overall green hydrogen transition.
NSW, Queensland and Victoria are collaborating in what is considered an extraordinary milestone for hydrogen in the transport industry. It has been reported the governments of the three states will be signing a Memorandums of Understanding for the refuelling corridors, starting with the Hume Highway, the Pacific Highway and the Newell Highway.
At an estimated cost of $10 million provided by the Victorian government, four massive hydrogen refuelling stations between Sydney and Melbourne will initially be built. The NSW government will be matching this investment for a total of a $20 million grant program which will support the design and delivery of the Hume Hydrogen Highway (HHH) between Melbourne and Sydney.
Transport is one of Australia’s largest sources of greenhouse gas emissions accounting for approximately one quarter of the Victoria’s carbon footprint. In addition, just last month the Intergovernmental Panel on Climate Change (IPCC) report stated that Australia will have more floods, bushfires and droughts and stands to lose entire ecosystems to climate change. Given the fast-approaching issues related to climate change, we anticipate this initiative for the transport industry will pave the path for further government investments for other industries.
Victoria’s Minister for Energy, Environment and Climate Change Lily D’Ambrosio has stated:
“The renewable hydrogen highway will create new jobs, drive investment across the east coast and is a landmark step towards meeting Victoria’s target to reach net-zero by 2050.”
Click here to read more: https://www.lilydambrosio.com.au/media-releases/landmark-renewable-hydrogen-highway-to-link-eastern-states/