Government offers $300m to boost hydrogen investment under clean energy financing
by Katharine Murphy Political editor from Environment | The Guardian on (#52ZYE)
Investment mandate of the Clean Energy Financing Corporation will be changed, but no guarantee hydrogen will be produced from renewables
The Morrison government will change the investment mandate of the Clean Energy Finance Corporation, directing it to make up to $300m available for a new Advancing Hydrogen Fund as part of the national hydrogen strategy.
The Coalition's move to create a dedicated hydrogen financing fund will be confirmed on Monday, and comes ahead of other changes the government intends to make to the CEFC's investment program, including requiring it to support new investments in grid reliability.
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