Australia Boosts Critical Minerals, Renewable Hydrogen
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renewable hydrogen productionReuters
•World
World
Australia passes tax incentives law for critical minerals

78% Informative
Australia 's parliament has passed laws that would give production tax breaks for critical minerals and renewable hydrogen.
The law, passed on Tuesday , will create tax incentives worth 10% of processing and refining costs for 31 critical minerals from the fiscal year ending June 2028 to 2040 .
Critical minerals and rare earths are used in solar panels and batteries needed to lower carbon emissions.
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