The Australian Federal Government has announced A$23.7 billion to be spent on developing the country’s critical mineral assets and green energy generation with the primary aim to reduce domestic reliance on foreign entities for key technologies. The spending will be made over the next decade and comes as major economies invest billions to support clean energy projects and compete with China in manufacturing electric vehicles and semiconductors. The package will introduce tax incentives worth A$7 billion for the processing and refining of 31 critical minerals, and A$6.7 billion for renewable hydrogen production from the fiscal year ending June 2028 to the 2039-40 fiscal year. A$1.5 billion will support investment in the domestic production of solar panels and the battery supply…