Labor Pledges $2 Billion Credit Scheme to Help Decarbonise Aluminium Industry

The funding comes as part of the Future Made in Australia Act.
Labor Pledges $2 Billion Credit Scheme to Help Decarbonise Aluminium Industry
A worker collects molten aluminium samples in Biesheim, eastern France, on Dec. 5, 2022. Sebastien Bozon/AFP via Getty Images
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The Australian Labor government has unveiled a new credit scheme to fast-track the decarbonisation of the country’s aluminium industry.

On Jan. 20, Prime Minister Anthony Albanese announced that the government would invest $2 billion (US$1.24 billion) to help aluminium smelters transition to using renewable-generated electricity before 2036.

Alfred Bui
Alfred Bui
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Alfred Bui is an Australian reporter based in Melbourne and focuses on local and business news. He is a former small business owner and has two master’s degrees in business and business law. Contact him at [email protected].