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). 

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Number of interventions

2

1 certainly harmful

1 likely harmful

0 liberalising

List of interventions

2 in force

Implementation date

04 May 2020

Revocation date:

No revocation date

Capital injection and equity stakes (including bailouts) 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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Implementation date

04 May 2020

Revocation date:

No revocation date

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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