“It is essential we position Australia to succeed by investing now in the technologies that will support our industries into the future, with lower emissions energy that can support Australian jobs,” Morrison said.
“We cannot pretend the world is not changing. If we do, we run the risk of stranding jobs in this country, especially in regional areas,” he added.
The funding will be detailed in the government’s economic blueprint for the next fiscal year which will be made public on May 11. The spending requires Parliament’s approval.
A little over half the money would be spent on increasing the number of hydrogen-producing hubs in regional Australia from one to five. A hub is a region where hydrogen producers, users and exporters are located together.
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