industry: Labor on Tuesday announced a 1 billion plan to boost the emerging industry, which leader Bill Shorten spruiked as LNG 2.0 . The funding would go to the Clean Energy Finance Corporation to support clean hydrogen development, according to Nine News Australia. Mr Shorten says the plan will create 16,000 regional jobs and prevent Australia from being left behind in the race to export hydrogen to Asia. To improve your experience update it here News National Hydrogen cements spot in energy future By AAP1 50pm Jan 22, place in Australia's energy future appears set in stone amid a political debate over who came up with the idea first. However, Australia's chief scientist Alan Finkel last year flagged the potential of hydrogen for its environmental benefits, as well as its potential to be exported to Asia as an alternative to gas or coal. Hydrogen produces water vapour and heat when burned, and is close to a zero-emissions fuel when produced from water using renewable electricity, or from coal or methane combined with carbon capture and storage. Dr Finkel is leading a recently established working group to develop a national hydrogen strategy for 2020-2030, which is set to be complete by the end of the year.
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