Australia and Japan agree to a hydrogen future with its joint statement of cooperation. The joint agreement between the two nations hopes to strengthen Australia’s potential as a major exporter of hydrogen, with Japan as a key recipient. Australia has used a new strategy to use hydrogen as a clean, sustainable and affordable source of energy as a step after Australia signed a joined agreement with Japan.
Australia and Japan are in line to maximize their opportunities presented by hydrogen with a long history of energy and resource trade. Australia is constructing a hydrogen production plant to meet the major demand generated from Japan in terms of export and the region. The opportunities are massive for Australia. According to Minister Canavan statement, the scenario generated for Hydrogen strategy which states that it would generate nearly 8000 jobs and $11 billion a year GDP by the year 2050.
The tie up realized that hydrogen is a key player to reduce the emissions when it is produced from renewable energy or fossil fuels when combined with CCUS. Australia confirms the long-standing partnership with Japan. Australia has a huge potential to turn into a major global exporter of hydrogen particularly towards countries such as Japan.