Ross Garnaut, a prominent Australian economist known for his work on climate and energy policy, has described the Australian Labor Party's recent election victory as a pivotal moment with the potential to influence the global energy trade. Four days after Labor secured a historic win, Garnaut delivered the keynote address at the national conference of the Energy Users' Association of Australia (EUAA) in Melbourne. During his speech, he argued that the change in government could lead to significant shifts in energy policy, particularly in the promotion of renewable energy sources such as hydrogen. Garnaut highlighted that hydrogen technology is still a viable and promising option for the future of energy, countering claims that it has lost relevance. He suggested that the new Labor government’s commitment to climate action and clean energy could position Australia as a leader in the global transition to low-carbon energy, potentially affecting international energy markets and trade dynamics. The event, organized by the EUAA, brought together industry stakeholders to discuss the future of energy in Australia and globally, with Garnaut’s remarks underscoring the importance of political leadership in driving energy transformation.