Hydrogen Credits Not Enough to Overcome Red Tape Barrier: Mineral Council

‘If the government is serious about unlocking Australia’s vast critical mineral deposits ... we need to get the fundamentals right first,’ said the MCA.

A hydrogen station at BlueScope Steelworks in Port Kembla, Wollongong, Australia, on Feb. 9, 2024. AAP Image/Dean Lewins

A peak body for the mineral sector says a proposed hydrogen production tax credit scheme is insufficient to counterbalance government policies hindering investment in Australia.

This comes as the federal Labor government pushes its Future Made in Australia (Production Tax Credits and Other Measures) Bill 2024 aimed at offering incentives to grow the country’s renewable sector.