November 25, 2024
The Smart Energy Council strongly supports the long-awaited release of the Federal Government’s plan to turbo-charge the nation’s green hydrogen and critical minerals sectors.
Hydrogen Production Tax Incentives (HPTI) are the pathway for a world leading tack to decarbonised energy production for big industry.
“There’s great anticipation from industry to have Production Tax Incentives in place to support the transition to clean, green production of minerals for the domestic and export market,” Smart Energy Council Chief Executive John Grimes said.
“This is how Australia charts its course to a new energy future, one that exponentially improves on our proud track record as an energy and resource producing nation.”
“Production tax credits for renewable hydrogen and critical minerals will play a fundamental role in laying the foundations for Australia in becoming a Renewables and Critical Minerals Superpower.”
“Production Tax Credits provide the right incentives for investments, whilst ensuring payments are only made when products are actually produced.”
“The Smart Energy Council calls on all political parties and parliamentarians to support the Production Tax Incentives.”
The Smart Energy Council congratulates the Federal Government and industry for its work on this visionary legislation, that delivers the positive settings needed to ensure Australia grasps its decarbonised future.
For interviews or comment: tim.lamacraft@smartenergy.org.au – 0448 972 192
