The 2024-25 Australian Federal Budget is commended by the IGCC and the Climate Council for promoting Australia as a future leader in the global clean industry.

Treasurer Jim Chalmers outlines Australia's aim to become a 'renewable energy superpower', despite current dependence on mining and fossil fuels.

Budget provisions are designed to facilitate clean industry investment, including simplifying capital allocation, incentivizing private investment through public funds, and establishing standards for corporate transitions.

New tax initiatives support the clean energy sector, offering credits for processing critical minerals and hydrogen production, along with adjustments to international investment regulations.

The Climate Council highlights the budget's potential for job creation and economic growth in clean energy, advocating for strong, bipartisan policy support.

The IGCC is eager to work with the government on a fair transition to net zero emissions, though there is concern over the plan to use natural gas as an energy source for the next three decades.