Federal Labor has set out a plan for Australia to produce at least 15 million tonnes of renewable hydrogen a year by 2050.
The new national strategy also sets a target of 0.5 million tonnes a year by 2030.
Labor hopes to establish Australia as a world leader in the production and export of the green fuel, underpinned by an estimated $8bn in allocated funds.
The latest strategy, unlike its 2019 counterpart, leaves no space for coal in the making of the hydrogen.
The strategy comes at the same time as a new bill for the federal Guarantee of Origin scheme, a scheme to measure the emissions intensity of the hydrogen Australia produces.
Labor says Australia's hydrogen industry will be built on cheap wind and solar and driven by the global race to decarbonise and minimise the fallout from climate change.
Climate change and energy Minister Chris Bowen has also struck a deal with Germany to guarantee European buyers for Australia’s renewable hydrogen.
The $660 million deal, equally funded by the governments of both countries, will form part of the German Government’s H2Global auction mechanism.
Setting an early export target for 2030 signals Australia’s plan to keep supplying the global energy market.