He criticized those celebrating investment pullbacks, asserting that Australia's green hydrogen initiative is 'alive and healthy'.

Australia and Germany have signed a significant $660 million deal to enhance cooperation on a green hydrogen supply chain, marking a pivotal step in establishing an international hydrogen market.

Australia's abundant natural resources position it as a potential renewable energy superpower, with a growing reputation as a trusted energy supplier.

Hydrogen is anticipated to become a foundational element for clean energy industries in Australia, contributing to the production of green iron, steel, ammonia, fertilizers, and fuels.

Bowen noted that this partnership is part of a broader climate cooperation agreement, with Germany recognizing Australia's strong hydrogen pipeline.

Bowen also expressed confidence that the H2Global mechanism will help Australia capitalize on the hydrogen opportunity, despite recent investment setbacks.

This partnership is expected to provide Australian producers access to major renewable hydrogen markets, particularly Germany, thereby enhancing energy security for both nations.

Energy Minister Chris Bowen announced the funding at the Asia-Pacific Hydrogen Summit in Brisbane, highlighting its importance in securing new commercial supply and access to the European market.

The existing Australia-Germany Energy Partnership has been upgraded to an Energy and Climate Partnership, focusing on climate action, energy efficiency, and renewable hydrogen trade.

Anja Hajduk, German State Secretary, emphasized Australia's key role in helping Germany achieve climate neutrality and grow its hydrogen industry.

Looking ahead, Bowen warned that green hydrogen will be a key topic in the next federal election, cautioning that a Peter Dutton-led government could hinder support and investment in the sector.

In addition, Australian researchers are exploring how green iron can aid in decarbonizing Germany's economy while protecting jobs and industrial capacity.