Zerbor/Shutterstock Save for later Print Download Share The re-election of the Australian Labor Party, which captured a decisive majority of the popular vote in federal elections on May 3, is expected to set the stage for a faster Australian energy transition 鈥� with clear benefits for fast-emerging sectors like clean hydrogen and offshore wind. The continuation of green energy incentives under a second term for Prime Minister Anthony Albanese 鈥� including lucrative hydrogen grants and offshore wind zones 鈥� is expected to reinforce Australia's global positioning in such sectors, especially amid the current climate of trade wars and clean energy spending cuts in the US. Yet, it faces many hurdles to get there, including the need to bridge cost gaps for emerging technologies while navigating the tricky balancing act between climate benefits and reliability.
