Australia to propose tax incentives for critical minerals
The proposed law will set up a tax incentive worth 10% of relevant processing and refining costs for 31 critical minerals.
Sinclair Knight Merz (SKM), an engineering and project delivery firm, says an upfront investment in environmentally and socially sensitive design is likely to pay dividends for the coal seam gas (CSG) sector. SKM: “CSG is an important growth industry for Australia and Asia, particularly China, India, and Indonesia. It has the potential to underpin significant economic growth in the Asia-Pacific region and contribute to global energy security. Conversely, failure to recognise and address the potential environmental and social impacts may undermine the success of individual projects and possibly even the industry as a whole.” (more…)
