"Future Made Somewhere Else:" Budget slashes funding for green hydrogen, home-made solar and batteries
"Future Made Somewhere Else:" Budget slashes funding for green hydrogen, home-made solar and batteries
"Future Made Somewhere Else:" Budget slashes funding for green hydrogen, home-made solar and batteries
Australia's green hydrogen ambitions and efforts to gain a foothold in global solar and battery supply chains have been dialled back, following a series of budget cuts.
FFS..
“You’ve pulled $1.3 billion out of hydrogen, solar and battery programs because industry uptake was slower than hoped.
“Meanwhile fossil fuel subsidies hit $16.3 billion this year, up 9.4%. That’s faster than the NDIS. It’s also faster than the renewable hydrogen industry you just defunded for growing too slowly. The Fuel Tax Credit Scheme alone is $10.8 billion – about eight times what you took off clean energy.“
Australia has the sun, the wind, the minerals and the engineers. We’re losing the race because other governments turn up and support their clean tech industry. You don’t have to. But it would be nice.”
Thomas Nann, the CEO and co-founder of Newcastle-based energy storage company Allegro Energy, likened the cuts to “cancelling the gym membership because you haven’t lost weight yet.”