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$540 Million Towards Hydrogen and Carbon Capture Is ‘Essential for Australia’s Future’: Australian PM I want Australia and hydrogen technology to be synonymous around the world The Australian government has announced it will allocate around $540 million (US$420 million) towards hydrogen and carbon capture projects. As part of the budget for the next fiscal year, the investment will see the development of clean energy technologies that reduce carbon emissions. It is estimated to create around 2,500 jobs for Australia. “It is essential we position Australia to succeed by investing now in the technologies that will support our industries into the future, with lower emissions energy that can support Australian jobs,” Australian Prime Minister Scott Morrison said.

The white houseDistrict of columbiaUnited statesScott morrisonEtienne balmerJoe bidenAngus taylorEmissions technologyHydrogen energy release optimiserAustralia national hydrogen strategyBusiness council of australiaPrime minister scott morrisonLeader climate summitBusiness councilPresident joe bidenState dining room