European countries have de-industrialised to cut emissions. Our competitive advantage means we can follow a different path in a net zero global economy.
provides the imperative; our vast renewable energy and mineral resources provide the opportunity. As coal and gas decline, we should build export-oriented industries based on these renewable energy and mineral resources to thrive in a net zero global economy.
The success of this industrial revolution will demand clear focus. Activities such as coal mining in its current form will be essentially incompatible with a net zero economy. Thermal coal will decline as renewable generation grows. The demand for metallurgical coal will fall as new green steel technologies become commercially viable – a prime example of a group of current activities that will be transformed by developing technologies, mostly known but presently expensive.
We need an overarching strategy: a framework of targeted policies linked to clear goals over an extended period, developed and executed in sustained collaboration with industry.This is a new approach for Australia built on strategic economic advantage, not wishful thinking. The walls of high tariffs and protectionism must not be rebuilt.
Australia Latest News, Australia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Europe looks to Australia for green hydrogen amid energy crisisAustralia’s cheap renewable energy sources mean the country could supply green hydrogen to Europe at a competitive price, even after adding the cost of shipping.
Read more »
Europe looks to Australia for green hydrogen amid energy crisis“It’s inconceivable that [north-west Europe] will be self-sufficient in energy,' said Port of Rotterdam president Allard Castelein. 'It appears that Australia is in a very strong position to be one of the supply sources.' | CroweDM
Read more »
Sovereign wealth fund needed for clean energy future, Grattan saysCoal and gas earnings must be harnessed to fund the energy revolution, the Grattan Institute says, warning the social fabric could tear if regional economies were not considered in the transition.
Read more »
Europe looks to Australia for green hydrogen amid energy crisisAustralia’s cheap renewable energy sources mean the country could supply green hydrogen to Europe at a competitive price, even after adding the cost of shipping.
Read more »
Australia’s resources exports break records amid global energy crisisAustralia’s mining and energy exports are expected to have hit a record high of more than $400b as the fallout from Russia’s invasion of Ukraine deepens global shortages of coal and natural gas and sends commodity prices soaring. | NickToscano1
Read more »
Europe looks to Australia for green hydrogen amid energy crisis“It’s inconceivable that [north-west Europe] will be self-sufficient in energy,' said Port of Rotterdam president Allard Castelein. 'It appears that Australia is in a very strong position to be one of the supply sources.' | CroweDM
Read more »