Australia’s green export ambitions face hurdles

Green hydrogen presents unique costs challenges as government looks to replicate country’s long-standing success as an exporter of iron ore and other natural resources

Australia has unveiled plans to become a global leader in green hydrogen production and exports as part of its ongoing green energy transition. Not only does the country account for around 20% of the world’s announced green hydrogen project, according to IEA figures, but Canberra’s dream of becoming a leading exporter means the country accounts for half of globally announced export-oriented projects. The government appears to be betting on its ability to replicate the success seen in the country’s natural resource sectors. Australia’s long-standing success as a major exporter of iron ore, coal and gas has been a cornerstone of its economic growth. By leveraging this established model, the go