Budget 2025: $2 Billion for Green Aluminium, $1 Billion for Green Iron
The funds will support Australia’s metal industry to transition to net zero.
The Port Kembla Steelworks the home of Bluescope Steel and Colourbond in Wollongong, New South Wales in Australia on March 12, 2018. AAP Image/Dean Lewins
The Albanese government’s federal budget includes $2 billion for green aluminium and $1 billion for green iron as part of a “support for Australian-made metals” plan.
Green aluminium and green iron are produced using renewable energy sources, rather than fossil fuels, to lower carbon emissions.
Monica O’Shea
Author
Monica O’Shea is a reporter based in Australia. She previously worked as a reporter for Motley Fool Australia, Daily Mail Australia, and Fairfax Regional Media. She can be reached at monica.o'[email protected]
