Australia is set to lock in a green future for its aluminium industry, with the Albanese Government announcing a $2 billion Green Aluminium Production Credit to help smelters switch to renewable power by 2036. The Climate Council welcomes this proposed initiative, which promises to slash climate pollution, secure thousands of jobs, and boost regional economies.
Climate Councillor and energy expert Greg Bourne said: "This is Australia at its best-harnessing our vast renewable power resources to lead the global market for sustainable metals. Green aluminium means less climate pollution, more regional jobs, and a stronger future for Australian manufacturing."
The aluminium sector, which currently consumes about 10% of Australia's electricity, has a major role to play in cutting Australia's climate pollution. This funding ensures the sector can play a leading role as demand for green metals soars, while also helping Australia cut climate pollution further and faster.
"This investment transforms risk into opportunity. Cutting pollution from Australia's aluminium smelters is a win for the climate and a lifeline for workers in communities like Newcastle, Gladstone, and Portland" said Greg Bourne.
"With facilities in Tomago, Portland, Bell Bay, and Boyne Island, Australia is well-positioned to lead the shift to green metals. The initiative will not only protect existing jobs but create opportunities in associated industries, from renewable energy to advanced manufacturing.
"By supporting the aluminium industry to invest in Australia's abundant solar and wind power, backed by big batteries, the Green Aluminium Production Credit sets a new benchmark for renewable-powered manufacturing. This is what a thriving, climate-resilient economy looks like."
