Green Aluminium Initiative
The Albanese government is set to launch a consultation on the Green Aluminium Production Credit program, a $2 billion tax credit for green aluminium producers.
This initiative aims to encourage the energy-intensive sector to decarbonise amidst high energy prices.
- The program was announced in January ahead of the election.
- Consultation on its design begins as the Rio Tinto-controlled Tomago aluminium smelter in NSW faces potential closure due to high energy costs.
No specific quotes available in the given text.
Author's summary: Albanese government launches green aluminium tax credit consultation.