Liberal cities, governors ramp up pushback to Trump deportations 
The Clean Energy Council has backed green hydrogen commitments in the federal budget. Chief executive Kane Thornton said they ensure Australia is back in the global race to secure investment in the sector. Companies that produce green hydrogen will get a tax incentive of $2 per kilogram from 2027-28 for up to ten years. The Hydrogen Headstart program is also getting more cash over the next decade. There’s $7 billion Critical Minerals Production Tax Incentive valued at ten per cent of processing and refining costs. The announcements are part of $22.7 billion Future Made in Australia plan to turn the country into a renewable superpower, as well as support strategic industries.
#ABCBusiness
Subscribe: http://ab.co/1svxLVE
Read more here: https://www.abc.net.au/news/2024-05-14/budget-2024-what-is-in-it-for-business/103844400
ABC News provides around the clock coverage of news events as they break in Australia and abroad. It’s news when you want it, from Australia’s most trusted news organisation.
For more from ABC News, click here: https://ab.co/2kxYCZY
Watch more ABC News content ad-free on ABC iview: https://ab.co/2OB7Mk1
Go deeper on our ABC News In-depth channel: https://ab.co/2lNeBn2
Like ABC News on Facebook: http://facebook.com/abcnews.au
Follow ABC News on Instagram: http://instagram.com/abcnews_au
Follow ABC News on X (Twitter): http://twitter.com/abcnews
Note: In most cases, our captions are auto-generated.
#ABCNews #ABCNewsAustralia
The Pulse of Washington D.C.
