Australia is embarking on a significant economic initiative with the implementation of production tax incentives designed to promote investment in renewable hydrogen and critical minerals. The government's plan, part of the 'Future Made in Australia' package, aims to unlock new opportunities in these key sectors while creating jobs and driving economic growth. The Hydrogen Production Tax Incentive is a time-limited measure intended to spur the growth of Australia's hydrogen industry by accelerating project development and reducing production costs to make renewable hydrogen more accessible. This initiative is crucial as hydrogen is seen as a gateway to green metals critical for industrial decarbonization. The Critical Minerals Production Tax Incentive complements the government's Critical Minerals Strategy 2023-2030, focusing on enhancing sovereign capability in critical minerals processing. By allowing eligible entities to claim expenditure for processing and refining critical minerals, this incentive aims to extract more value from onshore resources. Australia, known for its vast reserves of critical minerals like lithium, cobalt, and rare earth elements, is in a prime position to support global demands for low emissions technologies. The government's consultation papers seek stakeholder feedback on these tax incentives, highlighting the importance of partnerships with the private sector to drive investment in future industries for the benefit of all Australians.