Net-zero fail without green hydrogen tax breaks: report

https://au.news.yahoo.com/net-zero-fail-without-green-163055844.html

“Bigger tax breaks on offer in the United States are putting Australia's fledging renewable hydrogen industry in jeopardy, economic modelling shows.

The report released by consultants Deloitte Access Economics puts the case for urgent action to support local production as aggressive US industrial policies are eroding Australia's advantages.

Despite clean energy ambitions, Australia's global competitiveness is declining, head of Deloitte Access Economics Pradeep Philip said on Friday.

Advocates of the alternative fuel say hydrogen could be a catalyst for producing green steel, green aluminium and zero-carbon fertilisers.”