Australia enters clean energy partnership with the Netherlands

Australia enters clean energy partnership with the Netherlands

Australia has formed a partnership with the Netherlands, promoting collaboration that will support the creation of a hydrogen supply chain from Australia to the Port of Rotterdam.

Australia’s Federal Minister for Climate Change and Energy, Chris Bowen, and Dutch Minister for Climate and Energy, Rob Jetten, signed a Memorandum of Understanding (MoU) to promote clean energy supply chains between Australia and the Netherlands on green hydrogen.

The MoU, which was signed at the Port of Rotterdam, covers:

Hydrogen trade policy, standards and certification schemes Port infrastructure and supply chain development Innovative hydrogen technologies, including shipping, equipment and services Government policy on safety, social license and regulations for hydrogen

Mr Bowen said the MoU demonstrated Australia’s commitment to working with international partners to advance shared clean energy interests and support emerging renewable energy industries.

“Hydrogen is a critical technology for the changing global economy and working with countries like the Netherlands will help Australia realize job and investment opportunities from this new industry, and deliver energy security and emissions reductions for trading partners,” Mr Bowen said. .

“With significant renewable energy resources, Australia is in a strong position to export renewable energy, develop clean energy supply chains and attract foreign investment.

“Australia and the Netherlands have strong trade and investment ties, and we look forward to strengthening these by concluding negotiations on an ambitious and comprehensive trade agreement with the European Union.”

The Netherlands has an ambitious National Hydrogen Strategy, with €2 to €3 billion set aside for green hydrogen projects. This includes establishing the Port of Rotterdam as a world-leading terminal for energy of the future, importing hydrogen from all parts of the world, including Australia.

The MoU builds on existing MoUs that Rotterdam has with a number of Australian states, as well as Rotterdam’s involvement in the Australian-German feasibility study of hydrogen produced from renewable energy (HySupply).

The Australian Government’s investment in hydrogen hubs now exceeds $525 million, including the $454 million Regional Hydrogen Hubs program for projects in places such as Townsville, Gladstone, the Hunter Valley, the Pilbara, Port Bonython and Bell Bay.

The government is also investing $89.5 million to help the transport sector transition to hydrogen, including through hydrogen fueling stations along Australia’s busiest freight routes.

By 2050, Australia’s hydrogen industry could generate $50 billion in additional GDP and create more than 16,000 jobs, as well as an additional 13,000 jobs from the construction of renewable energy infrastructure to power the production of green hydrogen.

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