Australia and Germany Intensify Energy Cooperation

The expanded cooperation was decided at a meeting of German and Australian representatives in Brisbane. One of the centerpieces of the new relationship is a EUR 400 million H2 Global  “funding window” to guarantee European buyers for Australia’s renewable hydrogen producers.

“The Energy and Climate Partnership and the declaration for bilateral H2Global auctions marks a significant step forward in our shared commitment to addressing the challenges of our time,” said German Minister for Economy Affairs and Climate Action Robert Habeck. “This partnership is not just a declaration; it's a pathway to tangible action that strengthens our economies and supports the global transition to net zero.”

“Australia has the sun and wind to be a renewable energy superpower, and a hard-won reputation as a trusted energy supplier, stated Australian Minister for Climate Change and Energy, Chris Bowen. “A strong international hydrogen market supports our shared industrial decarbonisation and supports energy security in both Australia and Germany. We’re fortunate to be able to collaborate so closely with like-minded partners on this historic initiative.”