Climate policies: An employee of Dirostahl, a forging steel firm, works in a classic natural gas-fired furnace factory in Germany. The company wants to switch from gas to green hydrogen but has ditched plans, citing high costs and logistics challenges. — Reuters
SYDNEY: Australia’s long-held ambitions to tap its abundant renewable resources and vast uninhabited landmass to become a global green hydrogen leader is fast unravelling.
Despite strong government backing and significant private sector interest, at least seven big hydrogen production projects have been delayed, scaled back or cancelled in the last year.
