Australia risks losing a $250B green iron export opportunity if it doesn't electrify and decarbonize Western Australia's Pilbara region.

Climate Energy Finance report warns Australia could miss a $250B green iron export opportunity if it fails to electrify and decarbonize Western Australia's Pilbara region. Currently, only 2% of electricity in the region comes from renewable sources. To lead the global green iron industry, the report recommends developing a single common-user electricity grid infrastructure, consulting with First Nations people, and introducing a $10B green iron tax incentive scheme. Australia risks losing this opportunity to other countries if it delays reforms.

August 12, 2024
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