Greens Leader Adam Bandt Pushes for Ban on New Coal and Gas Before Supporting Tax Incentives for Green Hydrogen
Key Ideas
  • Greens Leader Bandt wants assurances on ban of new coal and gas before supporting tax incentives for green hydrogen and critical minerals.
  • Bandt emphasizes the importance of public ownership in critical industries to avoid past mistakes made in the gas sector.
  • Coalition opposes the $13.7 billion production tax credits for hydrogen and critical minerals, citing concerns about taxpayer money usage.
  • Labor sees tax incentives as crucial for Australia to become a renewable energy superpower and build a Future Made in Australia.
The push for tax incentives for green hydrogen and critical minerals in Australia has hit a roadblock as the coalition opposes the plan, while the Greens are pushing for a ban on new coal and gas. Greens Leader Adam Bandt supports green hydrogen and critical minerals industries but wants assurance that a ban on new coal and gas will be in place. Bandt also highlights the importance of public ownership to prevent issues similar to those seen in the gas sector. The coalition is against the production tax credits for hydrogen and critical minerals, with Shadow Treasurer Angus Taylor likening it to giving money to cafe owners. On the other hand, Treasurer Jim Chalmers defends the tax credits as a way to ensure taxpayers benefit only when industries succeed. Labor sees these incentives as crucial for Australia to become a renewable energy superpower and build a Future Made in Australia, contrasting the coalition's stance. The outcome of these discussions will play a significant role in shaping Australia's energy and industrial policies in the coming years.
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