<
https://reneweconomy.com.au/we-cant-wait-heavy-investment-needed-to-secure-green-metal-future/>
"Australia needs to show the world it’s committed to pursuing green iron and
steel production in order to secure its export future, a finance expert has
warned, following talks with metal producers in China.
Australian Sustainable Finance Institute standards executive manager Nicole
Yazbek-Martin issued the advice after attending a workshop with Australian and
Chinese regulators and companies in Beijing.
The warning comes after a host of funding announcements for green metals by the
federal government, but also after mining firms scrapped several green hydrogen
project proposals that could have helped establish the industry.
Green iron, which is made using renewable energy resources such as green
hydrogen, solar and wind power, has the potential to cut 90 per cent of
emissions from the steelmaking process.
The low-emission option has great potential as an export earner for Australia,
Ms Yazbek-Martin said, particularly in the Asia Pacific region with existing
trading partners.
“China is very committed to the reduction of steel-making in their economy
because they are the world’s (biggest) producer of steel and it’s contributing
significantly to their emissions,” she said.
“Not only does closer co-operation help reduce (emissions in) their steel
sector if we’re able to get this trade right, but it also guarantees future
off-take for Australia’s commodities.”
Australia is the world’s biggest exporter of iron ore, earning $116 billion
from the mineral in the 2024 financial year, although revenue is expected to
drop as nations move to sustainable options.
Partnering with countries including China to share sustainability standards and
policies for adopting green metals, could shore up future export opportunities,
Ms Yazbek-Martin said."
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
