GREENING THE FUEL TAX CREDIT SCHEME FOR A FUTURE-READY AUSTRALIA

Successfully decarbonising Australia’s mining industry is central to our transition to green energy whilst ensuring sustainable national economic growth and prosperity. Mining is a major economic driver contributing 14% of Gross Domestic Product (GDP), however it is also one of the nation’s largest carbon emitters, generating around 80% of Australia’s total scope 1 carbon emissions, primarily due to its reliance on diesel-powered equipment. Eliza Chaney explores the different policy options for necessary reform to the Fuel Tax Credit Scheme - a major disincentive for decarbonisation of mining.