Australia’s Senate has passed the government’s AUD $2/kg ($1.26/kg) green hydrogen tax credits, paving the way for the incentive to be offered to producers.
As part of the Future Made in Australia (FMIA) Bill, the 10-year tax credit will be available for green hydrogen producers between 2027/28 and 2039/40, aimed at bridging the cost with fossil fuels.
Passage through the Senate will allow the Australian Government to implement the act and create the hydrogen production incentives.
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