The Australian Senate recently passed the Future Made in Australia (Production Tax Credits and Other Measures) Bill 2024, which has been lauded by industry stakeholders as a significant boost for jobs, manufacturing, and economic growth. The bill introduces refundable tax credits specifically targeting the onshore production of green hydrogen and the processing of critical minerals. This move aims to make Australia a more attractive investment destination for clean fuels, low-emissions metals, and critical minerals. Prime Minister Anthony Albanese emphasized that the bill is part of a broader strategy to fortify Australia's industrial base and uphold domestic jobs. The Australian Pipelines and Gas Association (APGA) and the Clean Energy Council both expressed their support for the bill, noting its potential to drive private investment, create employment opportunities, and stimulate industrial expansion. APGA CEO Steve Davies highlighted the importance of the bill in supporting the decarbonization of gaseous fuels, citing ongoing projects across various Australian states as crucial for cost reduction and efficiency improvement in deploying hydrogen. The Clean Energy Council's General Manager, Anna Freeman, underscored Australia's natural advantages in renewable energy and mineral resources, positioning the country as a leader in green metals and clean fuels industries. The introduced tax credits will be exclusively available to businesses investing in and producing renewable hydrogen within Australia, ensuring direct economic benefits and aiming to promote a competitive advantage for attracting private capital. The bill is seen as a vital step towards advancing the decarbonization efforts in 'hard-to-abate' industries like steelmaking, shipping, and aviation by making clean hydrogen more accessible and supporting industrial expansion.