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The Australian Government has recently announced proposed measures to support the production of hydrogen in Australia utilising renewable energy. These include a new hydrogen production tax incentive and are estimated to...more
The Australian Federal Government (the Government) has just released its budget for 2024-25. The K&L Gates tax team outlines the key announced tax measures and our instant insights into what they mean for you in practice....more
In recent years, the Australian federal government has committed, at both the domestic and international levels, to ambitious renewable energy targets. Australia’s hydrogen sector is positioning itself to play an increasingly...more
Asia is at the forefront of the global challenge to balance economic development, climate adaptation and mitigation, and energy security. The region is diverse, dynamic and pragmatic, facing both the risks and opportunities...more
Australian Update - Draft Reporting Standards for Australian Climate-Related Disclosures - As previously reported by K&L Gates, the Australian Accounting Standards Board released its exposure draft of the Australian...more
Introduction - The development of a clean hydrogen industry is an important element of Australia's emissions reduction plan, and the Australian government has said it will invest AU $1.4 billion to build the industry. The...more
There has been significant progress in the Commonwealth and State Governments’ plans to develop a hydrogen industry in Australia since our original Australian Hydrogen Projects Paper that was published in 2020. Alongside and...more
Andrew Horvath, Global Group Chairman of Australia’s Star Scientific, speaks with Hydrogen Rising co-hosts David Wochner and Kelly Davies about the Hydrogen Energy Release Optimiser (HERO®), his company’s award-winning,...more
There have been a number of policy and funding developments applicable to the hydrogen energy industry in Australia since the release of K&L Gates' The H2 Handbook in October last year. These developments have come at both...more
Hydrogen—the smallest molecule, but one that holds the potential to be an energy superhero and play a significant role in reducing carbon emissions and slowing climate change. The H2 Handbook provides a comprehensive...more
Clive Cachia and Josh Spry talk with host, Sandi Safro, about potential takeaways from LH2 from LNG, as well as the role that Australia may play as a hydrogen exporter....more
Earlier in 2020, K&L Gates released “The H2 Handbook: Legal, Regulatory, Policy, and Commercial Issues Impacting the Future of Hydrogen.” There, the firm detailed governmental and commercial issues related to molecular...more
Clive Cachia and Betsy-Ann Howe discuss with host David Wochner government incentives programs for and tax considerations impacting foreign investment in the hydrogen industry Down Under....more
WHAT HAS HAPPENED? As covered in our previous article, the NSW Government released its Electricity Infrastructure Roadmap (the Roadmap) on 9 November 2020. The Roadmap sets out a framework to deliver a modern electricity...more
Current Australian hydrogen projects - We set out the table below the current Australian hydrogen pilot projects, refuelling projects, feasibility studies and research projects based on information made available to the...more
The move to a low carbon energy industry is now firmly underway in Australia, with the Commonwealth and most State governments publishing and executing long term strategies to develop the hydrogen energy industry in...more
In 2018, Japan released its "Fifth Strategic Energy Plan", which outlined the country's new energy policy towards 2030 and 2050 with an emphasis on the use of hydrogen. In the two years that have followed, a plethora of...more
The Situation: On 22 June 2020, the Australian Department of Industry, Science, Energy and Resources closed consultation on its proposed international certification scheme to classify hydrogen produced in Australia according...more
Impact of U.S. Court Ruling on Keystone XL Timing Unclear: TransCanada - "TransCanada Corp is reviewing a decision by a Montana judge blocking construction of the Keystone XL pipeline, but the impact on project timing...more