Aluminium sector to share in billions to help go green
Australia’s aluminium industry is set to share in billions of dollars of investment to help it convert to renewable energy, AAP reports.
Anthony Albanese will today unveil a green aluminium production credit scheme that will provide financial support to smelters changing their energy source before 2036.
As part of the $2bn program, facilities will be eligible for support for every tonne of clean Australian aluminium they make over a decade. The production credits form part of the federal government’s signature manufacturing program, set to cost $22.7bn.
It’s estimated revenue to GDP for the Australian aluminium industry will increase from $5.1bn a year to $6bn annually by 2050. Australia is the sixth-largest producer of aluminium globally.
The industry minister, Ed Husic, said the production credit scheme would help to boost aluminium jobs while also reducing emissions.
With an entire aluminium supply chain uniquely located right here in Australia, we’re well positioned to capture the rewards of the global green energy transition. Communities and businesses rely on aluminium smelters, and we have an opportunity to partner with the private sector to support these secure well-paying jobs into the future.
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The alliance between Australia and America is our most important relationship that is really the cornerstone of both our foreign policy and our national security, and we have a lot of equities in the relationship, and we’re very excited about being able to pursue them with the Trump administration.
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He said comments from the incoming administration regarding the Aukus deal had been “hugely positive”.
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All the indications are there that this will continue under the Trump administration … All the agreements that we’ve asked to be signed and steps to be taken are being taken. Aukus is happening, and it is on course.
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The deputy prime minister, Richard Marles, is speaking with ABC RN about the hostage deal and ceasefire in the Middle East, describing this as “very positive and very constructive in the context of the tragedy that we have watched unfold over the last 15 months”.
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It is a wonderful thing to see hostages reunited with their families. It is also, obviously, wonderful to be seeing the beginning of humanitarian assistance start to flow into Gaza, and there’s clearly a long way to go in terms of the rebuilding of Gaza.
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Marles said there was a long way to go to achieving lasting peace, and “this is a fragile and delicate process, and it’s one which is going to require constant effort and vigilance.”
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Australia [will] continue to lend our voice to the promotion of peace, to seeing this arrangement fulfilled, and to seeing the return of all the hostages, and to seeing the rebuilding of Gaza.
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Two teenagers have died after an accident at a waterfall on the Sunshine Coast, AAP reports.
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A 17-year-old girl fell off a waterfall at Queensland’s Wappa Falls about 2.30pm yesterday and a 17-year-old boy jumped into the water to help her when she did not resurface, emergency services said.
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Police said the boy, an acquaintance of the girl, also went missing. A search and rescue operation found the girl’s body about 3.30pm and divers recovered the body of the boy at about 7.30pm.
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Wappa Falls remains closed amid a police investigation and officers were set to prepare reports for the coroner regarding both teenagers.
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Australia’s aluminium industry is set to share in billions of dollars of investment to help it convert to renewable energy, AAP reports.
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Anthony Albanese will today unveil a green aluminium production credit scheme that will provide financial support to smelters changing their energy source before 2036.
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As part of the $2bn program, facilities will be eligible for support for every tonne of clean Australian aluminium they make over a decade. The production credits form part of the federal government’s signature manufacturing program, set to cost $22.7bn.
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It’s estimated revenue to GDP for the Australian aluminium industry will increase from $5.1bn a year to $6bn annually by 2050. Australia is the sixth-largest producer of aluminium globally.
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industry minister Ed Husic.”,”caption”:”The industry minister Ed Husic.”,”credit”:”Photograph: Lukas Coch/AAP”}},{“_type”:”model.dotcomrendering.pageElements.TextBlockElement”,”html”:”
The industry minister, Ed Husic, said the production credit scheme would help to boost aluminium jobs while also reducing emissions.
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\n
With an entire aluminium supply chain uniquely located right here in Australia, we’re well positioned to capture the rewards of the global green energy transition. Communities and businesses rely on aluminium smelters, and we have an opportunity to partner with the private sector to support these secure well-paying jobs into the future.
\n
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Good morning, and welcome back to a new week on the Australia news live blog. I’m Emily Wind, and I’ll be taking you through our rolling coverage for most of today.
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Making news first up this morning: Australia’s aluminium industry is set to share in billions of dollars of investment to help it convert to renewable energy.
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As AAP reports, the prime minister, Anthony Albanese, will today unveil a green aluminium production credit scheme that will provide financial support to smelters changing their energy source before 2036.
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As part of the $2bn program, facilities will be eligible for support for every tonne of clean, Australian aluminium they make over a decade.
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In Queensland, two teenagers have died after an accident at a waterfall on the Sunshine Coast. We’ll bring you more details in a moment via AAP.
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If you have any story tips, feedback or questions, you can reach out through email: [email protected]. Let’s go.
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Key events
Lambie says Labor doing ‘a fair bit of clean up’ from nine years of Coalition
Asked about polling showing Peter Dutton had drawn level to Anthony Albanese as preferred PM, and whether this could be attributed to Dutton’s stance on law and order, Jacqui Lambie responded:
It hasn’t got any worse or better, I can assure you. You didn’t get much out of him after nine years, but if people want to fall back into that and go, well, you know, Labor’s had three years and that’s all we’re going to give them, and you want to go back to the good old days – which I wouldn’t say were the good old days under the Liberal National Party – then be my guest.
Lambie said it was more likely “a Christmas time thing” and that people were really feeling the impacts of the cost of living.
It’s not just about the last three years in government, it’s probably about the last ten. So have a look at who had control of that for nine years beforehand.
Because quite frankly, I think Labor’s doing a fair bit of clean up. Labor’s also put a lot of things in which you will not see coming to fruition until the next three years.
So that’s where we’re at. You can either let them finish the job, I guess, for the following three years, or you can go back to the old way of the LNP. That’s that’s the choice that they’re going to have in this election.
Lambie says strengthened hate speech laws should be coming from federal level
Senator Jacqui Lambie spoke with the Today Show earlier about news the NSW government was moving to strengthen the state’s hate speech laws.
Lambie said that “hate speech right across the board in Australia is out of control”.
And quite frankly, I find it absurd that it’s coming from a state level instead of being dealt with from the government, from federal. It’s not applied right across the country.
Aukus deal ‘on course’ amid new US administration, deputy PM says
Moving to the US, Richard Marles was asked about Donald Trump’s inauguration – which will occur tomorrow morning, Australian time. Marles outlined Australia’s relationship with the incoming administration as follows:
The alliance between Australia and America is our most important relationship that is really the cornerstone of both our foreign policy and our national security, and we have a lot of equities in the relationship, and we’re very excited about being able to pursue them with the Trump administration.
He said comments from the incoming administration regarding the Aukus deal had been “hugely positive”.
All the indications are there that this will continue under the Trump administration … All the agreements that we’ve asked to be signed and steps to be taken are being taken. Aukus is happening, and it is on course.
Is Marles worried negotiations may break down amid ceasefire?
Richard Marles was also asked how worried he is about Israel resuming hostilities if negotiations break down.
He acknowledged it was a “very fragile and delicate process” and said “we [can’t] take anything for granted as we move forward”.
We’ve seen temporary ceasefires in the past, but I do think that there is an opportunity in what has been announced for this to be the beginning of a new chapter. I think the world has to hope and lend its voice [to apply] international pressure towards that outcome, and we will certainly be a part of that.
Focus right now is on ensuring ceasefire process continues: Marles
Asked if Australia would commit to helping rebuild Gaza, Richard Marles said Australia had “already contributed humanitarian assistance”.
Obviously, we’ll work through all of the opportunities that present themselves in terms of the way in which Australia can help as we move forward, but I think right now, the focus is on ensuring that all the effort is maintained so this fragile and delicate process continues.
Marles welcomes ceasefire deal as ‘very positive and very constructive’
The deputy prime minister, Richard Marles, is speaking with ABC RN about the hostage deal and ceasefire in the Middle East, describing this as “very positive and very constructive in the context of the tragedy that we have watched unfold over the last 15 months”.
It is a wonderful thing to see hostages reunited with their families. It is also, obviously, wonderful to be seeing the beginning of humanitarian assistance start to flow into Gaza, and there’s clearly a long way to go in terms of the rebuilding of Gaza.
Marles said there was a long way to go to achieving lasting peace, and “this is a fragile and delicate process, and it’s one which is going to require constant effort and vigilance.”
Australia [will] continue to lend our voice to the promotion of peace, to seeing this arrangement fulfilled, and to seeing the return of all the hostages, and to seeing the rebuilding of Gaza.
Bank of Queensland to close 14 branches across four states
The Bank of Queensland has closed 14 formerly owner-managed branches across Queensland, WA, NSW and Victoria.
The Finance Sector Union said alongside previously announced closures, there would be 16 branches closing across February 2025 with a net loss of 18 roles. National assistant secretary Jason Hall said:
Australians rely on local bank branches and no amount of corporate spin from banks can deny that fact … The removal of branches and ATMs are designed to boost profits while reducing services. The absence of minimum standards allows banks to cut services on a whim with no regard to local needs or preferences.
The full list of branches to be closed, including 14 announced today and two previously announced, includes:
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Logan Central was announced to staff on 3 January and will close on 7 February
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Werribee, VIC – announced in late 2024 and will close on 13 February
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Newtown, NSW – to close on 19 February
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Bella Vista, NSW – to close on 20 February
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Applecross, WA – to close on 27 February
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Moonee Ponds, VIC – to close on 27 February
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Richmond, VIC – to close on 27 February
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Docklands, VIC – to close on 27 February
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Hampton, VIC – to close on 27 February
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Rockdale, NSW – to close on 27 February
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Caloundra, Queensland – to close on 27 February
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Carindale, Queensland – to close on 27 February
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Elanora, Queensland – to close on 27 February
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Sherwood, Queensland – to close on 27 February
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Springwood, Queensland – to close on 27 February
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Toowong, Queensland – to close on 27 February
Two teenagers die after waterfall accident
Two teenagers have died after an accident at a waterfall on the Sunshine Coast, AAP reports.
A 17-year-old girl fell off a waterfall at Queensland’s Wappa Falls about 2.30pm yesterday and a 17-year-old boy jumped into the water to help her when she did not resurface, emergency services said.
Police said the boy, an acquaintance of the girl, also went missing. A search and rescue operation found the girl’s body about 3.30pm and divers recovered the body of the boy at about 7.30pm.
Wappa Falls remains closed amid a police investigation and officers were set to prepare reports for the coroner regarding both teenagers.
Aluminium sector to share in billions to help go green
Australia’s aluminium industry is set to share in billions of dollars of investment to help it convert to renewable energy, AAP reports.
Anthony Albanese will today unveil a green aluminium production credit scheme that will provide financial support to smelters changing their energy source before 2036.
As part of the $2bn program, facilities will be eligible for support for every tonne of clean Australian aluminium they make over a decade. The production credits form part of the federal government’s signature manufacturing program, set to cost $22.7bn.
It’s estimated revenue to GDP for the Australian aluminium industry will increase from $5.1bn a year to $6bn annually by 2050. Australia is the sixth-largest producer of aluminium globally.
The industry minister, Ed Husic, said the production credit scheme would help to boost aluminium jobs while also reducing emissions.
With an entire aluminium supply chain uniquely located right here in Australia, we’re well positioned to capture the rewards of the global green energy transition. Communities and businesses rely on aluminium smelters, and we have an opportunity to partner with the private sector to support these secure well-paying jobs into the future.
Welcome
Emily Wind
Good morning, and welcome back to a new week on the Australia news live blog. I’m Emily Wind, and I’ll be taking you through our rolling coverage for most of today.
Making news first up this morning: Australia’s aluminium industry is set to share in billions of dollars of investment to help it convert to renewable energy.
As AAP reports, the prime minister, Anthony Albanese, will today unveil a green aluminium production credit scheme that will provide financial support to smelters changing their energy source before 2036.
As part of the $2bn program, facilities will be eligible for support for every tonne of clean, Australian aluminium they make over a decade.
In Queensland, two teenagers have died after an accident at a waterfall on the Sunshine Coast. We’ll bring you more details in a moment via AAP.
If you have any story tips, feedback or questions, you can reach out through email: [email protected]. Let’s go.
