Germany’s $660m pitch for Australia’s green hydrogen

The Australian government is in talks with Germany on a potential €400 million ($660 million) green hydrogen funding plan to kick-start billion-dollar-scale projects in Australia and help Germany replace Russian gas.

Germany’s minister for economic affairs and climate action, Robert Habeck, wrote to the Australian government late last year with the proposal, suggesting each nation pitches in €200 million of funding, according to H2Global, the German government-backed entity charged with developing the hydrogen market in that country.