Asia Pacific > Aussie budget delivers ACCU cash, huge tax incentives for minerals, hydrogen

Aussie budget delivers ACCU cash, huge tax incentives for minerals, hydrogen

Published 14:24 on May 14, 2024  /  Last updated at 14:24 on May 14, 2024  / Helen Clark /  Asia Pacific, Australia

Australia’s budget will see another A$48 million ($31.7 mln) for reforms to the Australian Carbon Credit Unit (ACCU) scheme, in addition to billions of dollars in tax credits for critical minerals and green hydrogen development and another A$41 mln for a nature repair market, Treasurer Jim Chalmers announced on Tuesday.
Australia’s budget will see another A$48 million ($31.7 mln) for reforms to the Australian Carbon Credit Unit (ACCU) scheme, in addition to billions of dollars in tax credits for critical minerals and green hydrogen development and another A$41 mln for a nature repair market, Treasurer Jim Chalmers announced on Tuesday.


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