From thefifthestate.com.au: The Albanese government in Australia has advanced its Future Made In Australia bill, which includes significant tax credits for green hydrogen production and critical minerals, aiming to promote local jobs and decarbonize industries.
The legislation offers a hydrogen production tax incentive and an incentive on processing costs for 31 critical minerals essential for renewable technologies over a ten-year period.
The bill also incorporates community benefit principles to ensure new industries deliver positive outcomes for local communities while enhancing domestic supply chains.