Tax shake-up for gas, $4 billion for Australia to 'power the world'

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Tax shake-up for gas, $4 billion for Australia to 'power the world'
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A scheme of projects and programs announced in the federal budget begin the push toward Australia reaching a net zero economy. 9News Budget2023

But the budget papers also warned that Australia would need to double its electricity generation by 2050 - or even more, given the potential demands of new export industries such as hydrogen or green steel.

Environmental measures such as $200 million for disaster resilience projects like levee and seawall upgrades, and bushfire risk mitigation, will also be in place, along with a $236 million flood warning system.

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