Aluminium sector to share in billions to help go green
Australia’s aluminium industry is set to share in billions of dollars of investment to help it convert to renewable energy, AAP reports.
Anthony Albanese will today unveil a green aluminium production credit scheme that will provide financial support to smelters changing their energy source before 2036.
As part of the $2bn program, facilities will be eligible for support for every tonne of clean Australian aluminium they make over a decade. The production credits form part of the federal government’s signature manufacturing program, set to cost $22.7bn.
It’s estimated revenue to GDP for the Australian aluminium industry will increase from $5.1bn a year to $6bn annually by 2050. Australia is the sixth-largest producer of aluminium globally.
The industry minister, Ed Husic, said the production credit scheme would help to boost aluminium jobs while also reducing emissions.
With an entire aluminium supply chain uniquely located right here in Australia, we’re well positioned to capture the rewards of the global green energy transition. Communities and businesses rely on aluminium smelters, and we have an opportunity to partner with the private sector to support these secure well-paying jobs into the future.
Key events
Two teenagers die after waterfall accident
Two teenagers have died after an accident at a waterfall on the Sunshine Coast, AAP reports.
A 17-year-old girl fell off a waterfall at Queensland’s Wappa Falls about 2.30pm yesterday and a 17-year-old boy jumped into the water to help her when she did not resurface, emergency services said.
Police said the boy, an acquaintance of the girl, also went missing. A search and rescue operation found the girl’s body about 3.30pm and divers recovered the body of the boy at about 7.30pm.
Wappa Falls remains closed amid a police investigation and officers were set to prepare reports for the coroner regarding both teenagers.
Aluminium sector to share in billions to help go green
Australia’s aluminium industry is set to share in billions of dollars of investment to help it convert to renewable energy, AAP reports.
Anthony Albanese will today unveil a green aluminium production credit scheme that will provide financial support to smelters changing their energy source before 2036.
As part of the $2bn program, facilities will be eligible for support for every tonne of clean Australian aluminium they make over a decade. The production credits form part of the federal government’s signature manufacturing program, set to cost $22.7bn.
It’s estimated revenue to GDP for the Australian aluminium industry will increase from $5.1bn a year to $6bn annually by 2050. Australia is the sixth-largest producer of aluminium globally.
The industry minister, Ed Husic, said the production credit scheme would help to boost aluminium jobs while also reducing emissions.
With an entire aluminium supply chain uniquely located right here in Australia, we’re well positioned to capture the rewards of the global green energy transition. Communities and businesses rely on aluminium smelters, and we have an opportunity to partner with the private sector to support these secure well-paying jobs into the future.
Welcome
Emily Wind
Good morning, and welcome back to a new week on the Australia news live blog. I’m Emily Wind, and I’ll be taking you through our rolling coverage for most of today.
Making news first up this morning: Australia’s aluminium industry is set to share in billions of dollars of investment to help it convert to renewable energy.
As AAP reports, the prime minister, Anthony Albanese, will today unveil a green aluminium production credit scheme that will provide financial support to smelters changing their energy source before 2036.
As part of the $2bn program, facilities will be eligible for support for every tonne of clean, Australian aluminium they make over a decade.
In Queensland, two teenagers have died after an accident at a waterfall on the Sunshine Coast. We’ll bring you more details in a moment via AAP.
If you have any story tips, feedback or questions, you can reach out through email: emily.wind@theguardian.com. Let’s go.
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