SYDNEY: The Australian government will introduce legislation to implement production tax incentives for renewable hydrogen and critical minerals to help boost investment in the sector, which could play a major role in energy transition plans.
The proposed law will set up a tax incentive worth 10% of relevant processing and refining costs for 31 critical minerals from the financial year ending June 2028 to the 2039 to 2040 financial year, for up to 10 years per project, the government said.
