Green Aluminium Play Launches Against the Clock
The Albanese government will open consultation for the Green Aluminium Production Credit program, a $2 billion tax credit for producers of green aluminium.
This program aims to encourage the energy-intensive sector to decarbonise, as it struggles with high energy prices.
- The consultation arrives as the Rio Tinto-controlled Tomago aluminium smelter in NSW, Australia's largest, is struggling to avoid closure due to high energy prices.
The Green Aluminium Production Credit program was announced ahead of the election in January.
Author's summary: Albanese government launches $2 billion tax credit program.
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