In Australia, tax incentives for mining and manufacturing companies have been approved, paving the way for billions of dollars of investment in regional areas. The legislation, which aims to reindustrialize parts of the country, includes production tax credits for hydrogen and critical minerals processing. Only green hydrogen produced with renewable energy will be eligible for tax credits, with hydrogen producers set to receive $2 per kilogram of renewable hydrogen produced. The law is part of the federal government's $22.7 billion Future Made in Australia manufacturing policy, designed to fund clean energy projects and create job opportunities for the decarbonization transition. The Business Council of Australia has welcomed the laws, emphasizing the importance of industry certainty for investments and the competitive advantage it will bring to Australian manufacturing. The scheme is expected to unlock Australia's potential by moving beyond raw exports and focusing on domestic processing and manufacturing capabilities. Overall, the new tax incentives are seen as a positive step towards boosting the regional economy, supporting renewable energy, and driving Australia's industrial growth.