Australia is currently engaged in a debate over tax incentives aimed at supporting industries of the future, particularly green hydrogen and critical minerals. The Labor government is set to introduce tax credits of $13.7 billion to parliament, with Treasurer Jim Chalmers leading the initiative. These tax credits are part of the broader Future Made in Australia package and are intended to secure Australia's position in the global net zero supply chain. Jim Chalmers emphasized that the incentives are geared towards attracting more investment and creating jobs in the resources sector. The proposed tax credits include a 10% refund of processing and refining costs for critical minerals and rare earths projects, as well as $2 per kilogram for renewable hydrogen production starting in 2027/28. While the coalition, particularly Opposition Leader Peter Dutton, criticized the proposal as 'corporate welfare for billionaires,' stakeholders like the Chamber of Minerals and Energy of Western Australia and the Clean Energy Council expressed support. They believe these incentives will make the market more competitive and help Australia's resources play a significant role in the global energy transition. The Clean Energy Council's decarbonization policy director, Anna Freeman, highlighted the importance of offering incentives to businesses involved in hydrogen and critical minerals production. She emphasized that to attract substantial private investment, Australia needs to create favorable conditions, aligning with similar efforts in the United States and Canada. The Greens have shown general support for the critical minerals and green hydrogen industries, with a commitment to assessing the production incentives legislation based on its merits. Overall, the debate around these tax incentives reflects Australia's ambition to position itself as a key player in the global shift towards sustainability and renewable energy sources.