Rethink Energy 131: Japan's new hydrogen strategy to need $113bn; OPEC+ cuts oil output; Australia puts $10bn to national reconstruction fund
Japan's revamped hydrogen strategy is expected to need $113 billion invested to reach 2040 goals of 12 million metric tons produced per year. OPEC+ has cut production in order to maintain $80 per barrel price floor while the US isn't in a place to intervene. The Australian government has committed $10 billion to support Australian industry as it looks to remain internationally competitive.