Policy Overview

In May 2024, the Australian Government announced a $22.7 billion investment over 10 years for a Future Made in Australia in the 2024–25 Budget. Structured through the Future Made in Australia plan, the public investment is intended to facilitate private sector investment to support Australia’s transition to a net zero economy. On 3 July 2024, the government introduced the Future Made in Australia Bill 2024 to establish the National Interest Framework.

In addition, the government introduced the Future Made in Australia (Guarantee of Origin) Bill 2024 [Provisions and related bills] (the Provisions) on 12 September 2024 to establish the voluntary Guarantee of Origin scheme to certify renewable electricity and products such as hydrogen. The Provisions also provide for the creation of certificates that show the specific details of the renewable electricity or product that they represent. The bills passed the Senate and House of Representatives on 28 November 2024.

InfluenceMap Query

Renewable Energy

Policy Status

Active: The Bill passed both houses in November 2024.

Evidence Profile

Key

opposing not supporting mixed/unclear
supporting strongly supporting

Policy Engagement Overview

InfluenceMap’s analysis of responses to the Future Made in Australia (Guarantee of Origin) Bill 2024 Provisions and related bills (the Provisions) shows widespread support for the Guarantee of Origin scheme to certify renewable electricity and products.

Out of the 13 companies and industry associations in InfluenceMap’s database that submitted a response to the September 2024 consultation, 11 entities (85%) supported the Provisions, while two entities (15%) appeared to not support the Provisions.

Policy Engagement Trends

  • Support for the Provisions was expressed by companies and industry associations across a range of sectors, demonstrating an alignment between typically more positively and negatively engaged entities. The energy sector has contributed the largest number of consultation submissions, with the Smart Energy Council strongly supporting the proposed Guarantee of Origin (GO) scheme, highlighting the “clear and urgent need” for the implementation of the GO scheme for hydrogen certification. Other entities including Santos, AGL Energy, Fortescue and the Business Council of Australia showed more general support for the Provisions.

  • The Australian Aluminium Council appeared to not support the proposed GO scheme. The association emphasized concerns about an expanded GO scheme covering green metals and instead advocated a shift in focus to directly lowering the cost of production of low-carbon aluminum in Australia. In addition, the Australian Energy Council appeared unsupportive of the inclusion of time stamping and restrictions on below baseline renewable certification, emphasizing potential unintended consequences.

InfluenceMap Query

Renewable Energy

Policy Status

Active: The Bill passed both houses in November 2024.

Evidence Profile

Key

opposing not supporting mixed/unclear
supporting strongly supporting

Entities Engaged on Policy

The table below lists the entities found to be most engaged with the policy. InfluenceMap tracks over 500 companies and 250 industry associations globally. Each entity name links to its full InfluenceMap profile, where the evidence of its engagement can be found.

Influencemap Performance BandOrganizationPolicy PositionPolicy Engagement Intensity