Australia Props Up Key Transition Industries With Tax Breaks ...Middle East

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Australia Props Up Key Transition Industries With Tax Breaks
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Australia’s government plans to introduce tax breaks for businesses active in the production of green hydrogen and critical mineral miners and processors in order to stimulate growth in these industries. Proposed by the government of Anthony Albanese, the incentive bill passed the Senate earlier this week and should pass the lower chamber of Australia’s parliament today. The incentive law would come into effect from 2027, Bloomberg said in a report on the news. The incentives include A$2 ($1.25) per kilogram of green hydrogen produced…

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