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AAP
AAP
Business
Marion Rae

Climate economy pact ushers in new era for Aussie firms

Australia produces critical minerals and rare earths needed for technology such as mobile phones. (David Moir/AAP PHOTOS) (AAP)

Australian companies will get their hands on massive tax breaks for joining the clean economy, without having to move to the United States.

The new agreement signed with the US will put advanced manufacturers, hydrogen producers and critical mineral processing on par with American firms for more than $500 billion worth of subsidies and production credits.

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