provides the imperative; our vast renewable energy and mineral resources provide the opportunity. As coal and gas decline, we should build export-oriented industries based on these renewable energy and mineral resources to thrive in a net zero global economy.
The success of this industrial revolution will demand clear focus. Activities such as coal mining in its current form will be essentially incompatible with a net zero economy. Thermal coal will decline as renewable generation grows. The demand for metallurgical coal will fall as new green steel technologies become commercially viable – a prime example of a group of current activities that will be transformed by developing technologies, mostly known but presently expensive.
We need an overarching strategy: a framework of targeted policies linked to clear goals over an extended period, developed and executed in sustained collaboration with industry.This is a new approach for Australia built on strategic economic advantage, not wishful thinking. The walls of high tariffs and protectionism must not be rebuilt.
Very annoying we continually look to copy overseas ideas , even those that are failing. About time we have confidence in our ability and develop solutions using our natural advantages to become a world leader than a follower.
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