Australia to increase funding for hydrogen projects

Australia said it would increase funding for hydrogen projects to boost clean energy output, by providing an extra A$150 million (US $108 million), as they face international pressure to reduce carbon emissions. 

The Prime Minister Scott Morrison said that the government would increase funding to , to A$464 million for feasibility studies and the construction of hydrogen projects in seven hubs around the country.

"We are accelerating the development of our Australian hydrogen industry and it is our ambition to produce the cheapest clean hydrogen in the world, transforming our transport, energy, resources and manufacturing sectors," Morrison said in a joint statement with Energy Minister Angus Taylor.

The announcement came as Morrison headed to Washington for "Quad" talks with U.S. President Joe Biden, Japanese Prime Minister Yoshihide Suga and Indian Prime Minister Narendra Modi.