The Albanese government has made a $24 billion bet on turning Australia into a renewable energy superpower, powered by green hydrogen, critical minerals processing and green commodity exports over the coming decade.
Taxpayers will fund $13.7 billion in production tax credits for green hydrogen and critical minerals, answering miners’ and clean energy players’ prayers for a riposte to huge US and European subsidy programs.
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Ben Potter writes on energy, climate change and innovation, and has been Washington correspondent, opinion editor and companies editor. Connect with Ben on Twitter. Email Ben at bpotter@afr.com
