Budget 2023: Business to benefit from energy assistance and renewables investment, but key tax break scaled back

The instant asset write-off remains, but will no longer cover the cost of even a budget ute. (ABC South East: Bec Whetham)

Renewable energy and the transition away from fossil fuels are the government's key focus in its assistance to businesses, big and small.

Treasurer Jim Chalmers spoke relatively little about business in a budget speech more preoccupied with household cost-of-living pressures but, when he did, it mainly centred on Australia's role in the zero-emissions economy of the future.