Stephan Raes interesting
Our new report out today, SUPERPOWERING UP, finds that failure to urgently decarbonise & electrify the Pilbara risks Australia's $250bn future green iron industry: https://lnkd.in/gK9GW944 The Australian Financial Review Dr Alan Finkel op ed: https://lnkd.in/gjStRiHQ AFR story by Tom Rabe https://lnkd.in/gttg447u Matthew Pollard & I find the threat of our key Asian trade partners progressively decarbonising their #steel industries is absolutely clear for Australia’s #1 export, #ironore from WA’s Pilbara. This powerhouse has served us exceptionally well. But it's now urgent we invest in the #grid & #renewables infrastructure needed to enable the export of ‘embodied decarbonisation’ in the form of #greeniron. As Dr Finkel says in his foreword: “The consequences of acting too slowly or inefficiently will be severe…Brazil, South Africa at al can dig and ship their iron ore to countries in the Middle East that will use low-cost #zeroemissions electricity to [produce] green iron. If we follow a business-as-usual trajectory…we will suffer from a decline in our mineral resources exports at the same time that our #fossilfuel exports start a slow but terminal decline. This is a major risk to Australia’s economic security.” Pilbara common-user grid infrastructure (CUI) is critical to enable renewables investment at speed and scale & collaboration to value-add our iron ore ‘rivers of gold’ while they're still world-leading. WA's opportunities to lead #greensteel global supply chain are huge. But the current 2% renewables in the Pilbara is a relic of a last century dig-and-ship mentality, as mining majors guzzle 2.4bn lt of #diesel pa & burn #methane #gas to power operations. WA & Federal Governments, Pilbara industry majors & stakeholders should: *Prioritise development of a comprehensive single Common User Grid Infrastructure Plan to efficiently & cost-effectively electrify & decarbonise, enabling value-added industries of the future *Centre First Nations equity participation on Pilbara grid & renewables deployments ensuring return of benefits to communities *Embed Overriding Public Interest principles in environmental approvals processes to overcome roadblocks & expedite clean energy infrastructure including Pilbara CUI *The Federal Government should urgently prioritise the Pilbara for national-interest public investment under #FMIA, to crowd in private finance *The WA Government should urgently identify priority Pilbara CUI projects to deploy the $3bn Clean Energy Finance Corporation financing committed to WA under Rewiring the Nation a year ago, to unlock private capital. Media release w endorsments from Marilyne Crestias & Joanna Kay: https://lnkd.in/g_r98cQg Chris Bowen MP Sam Hurley Tom Skladzien Jim Chalmers Claudia Crawford Madeleine King Ed Husic MP Roger Cook Reece Whitby Martijn Wilder AM Rod Sims Nicole Wyche James Bowen Monica Richter Wayne Smith Daniel Zelcer Tim Lamacraft Ian Learmonth Blair Palese Tom Quinn Chan Yang
Head of Structural and Industry Policy Division - OECD Directorate for Science, Technology and Innovation
4wThanks Gianpiero Mattera very interesting, and much in line with OECD - OCDE project on green iron, for which we will do a case study on Australia