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"Future Made Somewhere Else:" Budget slashes funding for green hydrogen, home-made solar and batteries (reneweconomy.com.au)
submitted 6 months ago by to c/environment@aussie.zone
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FFS..

“You’ve pulled $1.3 billion out of hydrogen, solar and battery programs because industry uptake was slower than hoped.

“Meanwhile fossil fuel subsidies hit $16.3 billion this year, up 9.4%. That’s faster than the NDIS. It’s also faster than the renewable hydrogen industry you just defunded for growing too slowly. The Fuel Tax Credit Scheme alone is $10.8 billion – about eight times what you took off clean energy.“

Australia has the sun, the wind, the minerals and the engineers. We’re losing the race because other governments turn up and support their clean tech industry. You don’t have to. But it would be nice.”

Thomas Nann, the CEO and co-founder of Newcastle-based energy storage company Allegro Energy, likened the cuts to “cancelling the gym membership because you haven’t lost weight yet.”

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[–] 3 points 6 months ago

Yes, FFFS (extra 'F'ing)! Makes no sense unless we want to maintain our servile status which we seem to be great at. Yeah, let's be great at that 😠

Some positive enviro-related budget news:

The electric vehicle fringe benefits tax discount will be retained in full until the end of March 2027. After that the full FBT discount will only apply to vehicles worth less than $75,000 and provided by the start of April 2029. Those worth more than $75,000 will be eligible for a 25% discount. The 25% rate will apply to all EVs provided after that date and all eligible EVs will retain the rate that was in place when the arrangement began. There will also be $40m to install more kerbside and regional chargers. - The Guardian

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