The Australian government has successfully passed production tax credits aimed at supporting the green hydrogen and critical minerals sectors. This move, a significant part of the government's recent budget, offers substantial financial backing to these industries. Unlike traditional grants or loans, the tax credits will be provided after the product is delivered, reducing the risk of taxpayer money being wasted on unrealized projects. The critical minerals sector, including minerals like nickel, lithium, cobalt, and manganese, will benefit from a 10% tax credit on processing and refining costs, promoting local refining capabilities and addressing security concerns related to offshore processing, mainly in China. The bill's passage has been lauded by industry associations, anticipating a boost in investment in the sector. On the other hand, the green hydrogen industry is set to receive support through a $2 tax credit for every kilogram of green hydrogen produced in the country. This initiative aims to propel Australia into the green energy sector, potentially enhancing opportunities for decarbonization and sustainable energy practices. While there have been concerns and opposition from some political factions, the government stands by the importance of these tax credits in driving economic growth and technological advancements in the energy and resource sectors. The tax credits are seen as pivotal in realizing the government's vision for a greener and more sustainable future.