New Forum Aims to Speed up Green Hydrogen Trade

Australia has joined 14 countries, including Germany, Japan, and the United Kingdom, in a new forum to improve the market for importing and exporting green hydrogen across the world.

The new International Hydrogen Trade Forum (IHTF) will bring countries together to work through issues and build productive conditions for a reliable international hydrogen trade market.

In the IHTF, countries will learn from each other and share valuable knowledge, experiences, and best practices on the nascent international hydrogen market.

Green hydrogen, which is hydrogen made from renewable energy including wind and solar, will play an important role in global energy supply and storage as countries work to reduce greenhouse gas emissions by using renewable energy.

Australia has the natural resources to make green hydrogen for its own use and to supply to international markets. A strong international hydrogen market will be a benefit to the Australian economy and its goals to reduce greenhouse gas emissions and reach net zero.

Australia’s Department of Climate Change, Energy, the Environment and Water said: “Australia’s participation in the IHTF builds on our international collaboration in the hydrogen space including the Hydrogen Headstart Program and Guarantee of Origin Scheme.”

To maximise efficiency and avoid duplication of efforts, the forum’s members will collaborate with existing complementary organizations such as the World Trade Organisation, Mission Innovation, G20, Asian Pacific Economic Cooperation, International Partnership for Hydrogen and Fuel Cells in the Economy (IPHE) and the Hydrogen Council.