The Australian parliament has passed laws that will provide production tax breaks for critical minerals and renewable hydrogen to boost its energy transition plan, which aims to achieve net zero emissions by 2050. The Australian government said the laws passed on Tuesday will provide a 10% tax break on the processing and refining costs of 31 critical minerals in the fiscal years ending June 2028 to 2040, for up to 10 years per project. “By processing more of these minerals in Australia, we will create jobs and diversify global supply chains,” said Resources Minister Madeleine King.