Labor's $22.7 Billion Clean Energy Plan Clears Senate with Key Amendments

The Future Made in Australia policy, aimed at fostering green industries and critical minerals processing, moves closer to becoming law after securing Greens and crossbench support.

• The Senate passed tax incentives for renewable hydrogen production and critical minerals processing, a central component of Labor's Future Made in Australia policy.
• The Greens supported the legislation after securing an amendment to exclude incentives for uranium mining, emphasizing its focus on clean energy industries.
• The $22.7 billion policy is designed to boost Australia's green manufacturing sector, create jobs, and reduce reliance on China's critical minerals supply chain.
• The Coalition opposed the bill, labeling it as excessive spending, while Labor plans to highlight the policy as a key election issue in resource-rich states like WA and Queensland.
• The legislation now returns to the lower house for final approval before becoming law, marking a significant step in Australia's transition to a renewable energy future.

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