Australia’s ambitions to develop a green hydrogen industry have suffered only a temporary setback from the US Inflation Reduction Act, and enjoy positive prospects at the hands of state and federal policies, funding support, and demand from key Asian trading partners.
That is the view from the head of ANZ’s global head of project and export finance Aaron Ross and head of new energy corporate finance Nick Easingwood, who say Australia’s renewables-based hydrogen sector has the policy support and natural advantages to deliver on its potential despite the IRA’s generous incentives inevitably drawing capital to the US.
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