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|Export powerhouse: Australia’s $333 billion opportunity (report)||2.24 MB|
|Export powerhouse: Australia’s $333 billion opportunity (summary report)||515.88 KB|
As the world decarbonises, Australia can either become a green export powerhouse and re-industrialise the nation or miss our chance by not acting today.
This research shows Australia can pursue an ambitious ‘Go for Gold’ scenario and secure a significant share of the global market for growth commodities, such as: 'green' steel, renewable hydrogen, renewable ammonia and 'green' aluminium. These products are set to dominate global economic growth this century and Australia is well positioned to be a leader in these markets.
This report warns that if left too late, not only will fossil fuel exports drop off as our major trade partners implement their net zero emissions pledges, other nations will capture early market share of new export industries leaving us with insufficient runway to replace the nation’s lost export income.