Labor's $13.7 billion tax breaks for critical minerals processing and green hydrogen production were successfully passed in the Senate with the support of the Greens and crossbenchers, despite opposition from the Coalition. This tax scheme includes a 10% tax concession for processing and refining critical minerals such as lithium and nickel, as well as a $2 per kilogram incentive for green hydrogen production from 2027 to 2040. The goal is to promote the development of green industries and decrease dependence on China's critical minerals supply chain. The bill, announced in the 2024 federal budget, is part of Labor's strategy to reduce reliance on China for minerals and to capitalize on economic opportunities in the net zero transition. Treasurer Jim Chalmers, Resources Minister Madeleine King, Energy Minister Chris Bowen, and Assistant Minister Tim Ayres highlighted the bill's potential to drive economic growth and industrial advancement in Australia. The Greens were able to secure an amendment in the bill to prohibit funding for uranium mining. The legislation is now set to undergo final approval in the lower house, positioning it as a significant aspect of the upcoming election campaign.