Future Made in Australia: $23bn for ‘biggest transformation...

Future Made in Australia: $23bn for ‘biggest transformation since Industrial Revolution’ | Australian budget 2024 | The Guardian


“If we hang back, the chance for a new generation of jobs and prosperity will pass us by – and we’ll be poorer and more vulnerable as a consequence,” Chalmers said.

It includes an estimated $19.7bn over 10 years under the “renewable energy superpower” banner.This includes tax incentives for the production of hydrogen and critical minerals from 2027-28. There will be a further $1.3bn for another round of the hydrogen headstart program to boost “early-mover renewable hydrogen projects”.The budget papers earmark $1.7bn for a new Future Made in Australia innovation fund run by the Australian Renewable Energy Agency, for priority sectors such as green metals, batteries and low-carbon liquid fuels.

The release of the budget package, with a heavy emphasis on renewable energy, follows criticism of the government’s gas strategy last week."

The Future Made in Australia package can be seen here Industry, science and technology powering a Future Made in Australia | Ministers for the Department of Industry, Science and Resources.

It says "They will position Australia to build a Future Made in Australia to maximise the economic and industrial benefits of the move to net zero and secure our place in a changing global economic and strategic landscape."

GOOD TIMES PEOPLE!