<
https://reneweconomy.com.au/quit-the-quarry-mentality-or-miss-the-green-iron-opportunity-report-warns/>
"If steelmaking was a country it would be the third-biggest emitter after the
United States and China, which puts Australian iron ore on notice.
A report released by WWF-Australia on Thursday urges the nation to be more than
a quarry for its most valuable export commodity, iron ore, which is used to
make steel and is a critical source of employment.
An economy driven by petroleum and raw material exports alone has significant
risks that are harming our long-term economy, the natural environment and
communities, chief executive Dermot O’Gorman said.
Australia’s Green Iron Key recommends a $10 billion domestic support package to
decarbonise the existing iron ore and steel industry and prioritise the
development of export-focused green iron projects.
Governments must also combine their efforts to develop a skilled workforce and
new technology, and keep onshore all domestic scrap metal to integrate into
Australia’s value chain.
A green iron and steel regional cooperation program to build a supply chain
between Australia and East Asia could also combat Europe’s headstart.
“The industry supply chain is starting to shift and Australia and Western
Australia need to act quickly or lose out to faster movers,” WWF-Australia’s
industrial decarbonisation expert Nicole Wyche said.
Australia is the world’s leading exporter of iron ore for steelmaking, mostly
to China where steel mills account for the majority of global steel production.
Major Asian steel producers are pursuing green iron and steel value chains
involving Australia, but they are also looking elsewhere, WWF-Australia warns."
Cheers,
*** Xanni ***
--
mailto:xanni@xanadu.net Andrew Pam
http://xanadu.com.au/ Chief Scientist, Xanadu
https://glasswings.com.au/ Partner, Glass Wings
https://sericyb.com.au/ Manager, Serious Cybernetics
