Anthony Albanese (Grayndler, Australian Labor Party, Prime Minister) Share this | Hansard source

This is a comprehensive plan, through measures like production tax credits for hydrogen and critical minerals. We know that Australia does have a comparative advantage in green hydrogen because we'll be able to have the space to have the green hydrogen produced by clean energy, which then could be used to manufacture things like green aluminium, green steel to give us a comparative advantage in the world.

The way that will work for critical minerals is it will be 10 per cent of eligible processing costs. It will be $2 per kilogram for green hydrogen. Companies won't receive any credit until they have produced these resources. That's why it has been designed in this way, so it pays on success: it pays on creating jobs; it pays on creating not just for domestic use but for export potential as well. This incentive will make domestic production more cost competitive and will boost Australian industry. It will commence in the 2027-28 financial year and will support production until 2040. They're just some of the measures that we have.

Here's a big tip: you can't build a future out of just saying no. That is what those opposite are doing. The only thing the Leader of the Opposition has ever been interested in manufacturing is division. That's the only thing. They don't have an agenda, just a vendetta. They have a vendetta against workers, against manufacturing, against fair wages, against aspiration and against ambition.

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