Overview

• 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.