Australia News

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.
Budget 2025: $2 Billion for Green Aluminium, $1 Billion for Green Iron
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
Monica O’Shea
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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
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]