Germany prepares to set up hydrogen accord with Australia By Reuters – Investing.com

Germany prepares to set up hydrogen accord with Australia By Reuters – Investing.com

FRANKFURT (Reuters) - Germany on Sunday said it has taken steps towards a bilateral alliance on hydrogen production and trade with Australia to try and facilitate a renewable energy-based hydrogen supply chain between the countries.

Economy minister Peter Altmaier and education and research minister Anja Karliczek signed a letter of intent to set up a "Germany Australia Hydrogen Accord" with their Australian counterpart, Angus Taylor, the economy ministry said in a press release.

It said the cooperation was about enabling "the import of sustainably produced hydrogen in relevant volumes, which is an important factor to reach our tighter climate targets."