About 40 per cent of announced hydrogen projects around the world are in Australia's pipeline, with a total value of between $230 billion and $300 billion.
Climate Change and Energy Minister Chris Bowen has seized on a new hydrogen report to position Australia as a potential green energy superpower.
"The world's climate emergency is Australia's jobs opportunity, and the Albanese government is moving quickly to make sure we seize that opportunity in green hydrogen," he said.
"Australia's regions have the resources, technical skills and track record with international partners to seize this opportunity and become a global hydrogen powerhouse."
Australia's hydrogen industry is tipped to add $50 billion to GDP by 2050 and create more than 16,000 regional jobs.
More then 100 green hydrogen projects were announced domestically in 2022.
Mr Bowen said Australia's biggest trading partners were looking to invest locally, and he pledged to boost the industry's base as it continued to grow.
"We will keep our foot on the accelerator to achieve the scale of industry development necessary to compete internationally," he said.
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