Australia can be a 21st-century green energy superpower. Climate change provides the imperative; our vast renewable energy and mineral resources provide the opportunity.
Meeting global and domestic emissions-reduction targets will impose transformative change on Australia’s heavy manufacturing and mining sectors – change for which we are ill-prepared. Despite the current geopolitical energy challenges, global and domestic demand for Australia’s coal and gas will decline over the next few decades.
The production of already important commodities such as steel, aluminium, and ammonia will need to be transformed to low-emissions alternatives. Extracting and processing of minerals critical in a low-emissions world and materially present in Australia hold the prospect of new export growth and job creation.
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