Global Trade Alert
Global Trade Alert

Australia: Government launches new fund to promote the local hydrogen industry

Announcement

04 May 2020

The Australian government launched the Advancing Hydrogen Fund with a total budget of AUD 300 million (over USD 192 million). 

Source

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Number of interventions

2

1 certainly harmful

1 likely harmful

0 liberalising

List of interventions

Implementation date

04 May 2020

Revocation date:

No revocation date

Announced: 04 May 2020
Local value added incentive In force
The Clean Energy Finance Corporation financing is subject to the Australian Industry Participation (AIP) policy. This framework states that all programs enclosed in this policy must encourage the part...
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Implementation date

04 May 2020

Revocation date:

No revocation date

Announced: 04 May 2020
Financial investment support In force
On 4 May 2020, the Clean Energy Finance Corporation of Australia announced the launch of the Advancing Hydrogen Fund, a special financing scheme to support the development of the Australian hydrogen i...
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