"Australia has three ways it can help reduce world greenhouse emissions, the
only reduction that matters in tackling climate change.
First, we can remove emissions from our economy. This will reduce global
emissions by just 1.3%, but it must be done so we share the transition burden
with other countries.
Second, we can stop approving new coal and gas projects, which will raise the
cost of these products and so reduce world demand for them to some extent. This
would have an important demonstration effect, although the reduction in world
emissions may be less than some advocates think.
Third, we can quickly pursue industries in which Australia has a clear
comparative advantage in a net-zero world. Of any country, Australia is
probably best placed to produce green iron and other minerals that require
energy-intensive processing, as well as green transport fuels, urea for
fertiliser, and polysilicon for solar panels."
*** Xanni ***
Chief Scientist, Xanadu
Partner, Glass Wings
Manager, Serious Cybernetics