The Prime Minister has announced a $70 million investment to help build a hydrogen hub in northern Queensland. Anthony Albanese met renewable energy companies on Saturday to discuss the project. He says developing the hydrogen industry will help boost the economy by adding $50 billion in additional GDP. The investment will also help create thousands of new jobs in Queensland and contribute to Labor’s emissions reductions targets.
The creation of a hydrogen centre in northern Queensland will be aided by a $70 million investment, according to the Prime Minister. On Saturday, Anthony Albanese visited with businesses that use renewable energy to talk about the initiative. He claims that growing the hydrogen industry will increase GDP by $50 billion, which will stimulate the economy. The investment will support Labor’s carbon reduction goals and help create thousands of new jobs in Queensland.