The Australian government is intensifying discussions on the country's future industries as parliament deliberates tax incentives for green hydrogen and critical minerals. A significant part of the Labor government's Future Made in Australia package, the proposed tax credits worth $13.7 billion are aimed at securing Australia's role in the global net zero supply chain. Treasurer Jim Chalmers is set to introduce legislation for these production tax incentives, emphasizing their potential to drive more investment and job opportunities in the resources sector. The incentives specifically target the production of critical minerals and rare earths by offering a 10% refund on processing and refining costs over a ten-year period from 2027/28 to 2039/40. Additionally, tax credits of $2 per kilogram will be provided for renewable hydrogen production starting from 2027/28. While the Labor government stresses the positive impact of these incentives on local communities and the energy transition, the opposition, led by Peter Dutton, has criticized them as 'corporate welfare for billionaires'. Stakeholders, including the Chamber of Minerals and Energy of Western Australia and the Clean Energy Council, have welcomed the incentives, highlighting the benefits in creating a fair playing field in the global market and the crucial role of Australian resources in the energy transition. They emphasize the need for Australia to offer favorable investment conditions to attract substantial private investments in the hydrogen and critical minerals industries. The Greens have shown general support for these industries and stated their intention to evaluate the proposed legislation on its merits. The ongoing debate underscores the growing importance of green hydrogen and critical minerals in Australia's push towards net zero emissions and the necessity of well-designed policies to support industry growth and sustainability.