The $2 billion Green Aluminium Production Credit aims to encourage aluminium producers to become green.
The credit will offer targeted support to aluminium producers making a significant switch to renewable electricity. The credit will provide certainty for the future of aluminium producers.
The credit will be available from 2028–29 and paid for up to 10 years.
Australia has the resources, existing skills and supply chains that give us a competitive advantage. Incentivising production will help position Australian aluminium production as one of the greenest on the global market.
With our skilled workforce and existing industries, we can become one of the lowest cost producers of green metals and gain a competitive advantage.