The Australian government is set to introduce the Future Made in Australia (Production Tax Credit and Other Measures) Bill 2024 to support the growth of the green hydrogen and critical minerals industries. The proposed legislation includes tax incentives of $2.00 per kilogram of renewable hydrogen produced and a 10% incentive on processing costs for critical minerals. These incentives, estimated to be worth $13.7 billion over 10 years, aim to provide clarity and confidence to investors and encourage private investment in clean energy sectors. Treasurer Jim Chalmers highlighted the importance of these incentives in driving economic and industrial opportunities as part of the country's net-zero transformation. The Clean Energy Council praised the Bill, noting its potential to unlock significant private investment in clean energy industries and facilitate the decarbonization of heavy industries. However, experts like Anna Freeman emphasize the need for additional support and demand-side policies to ensure the success of green hydrogen production. The Australian government's move reflects a strategic approach to positioning the country as a competitive player in the global green hydrogen market and leveraging its potential for economic growth and decarbonization.