By Celine Lai
A new report by Beyond Zero Emissions shows that green exports are Australia’s $333 billion opportunity, almost triple the value of existing fossil fuel exports.
Called Export Powerhouse: Australia’s $333 billion opportunity, the report demonstrates new green export industries will meet surging demand for zero-carbon products, such as green steel, renewable hydrogen and ammonia, green aluminium and critical minerals that will dominate global economic growth this century.
BZE reports that CEO of Beyond Zero Emissions, Heidi Lee, sad:
“In the three decades leading to 2050, the world will decarbonise. Australia can choose to become a green export powerhouse and reindustrialise the nation or miss our chance by not acting today.
If we don’t invest now in these new green exports, other nations will capture early market share, and there will be insufficient runway to establish new export industries in time to replace the nation’s lost export income.
“Regional Australia will prosper if Australia moves fast to secure market share in the zero carbon global economy. This creates good quality industrial jobs, producing the clean commodities the world needs to achieve its climate targets.
Investing in sustainable downstream refining and processing facilities for key critical minerals would add significant value to Australia’s mining and industrial communities.
- Currently 39% of Australia’s total commodity exports are fossil fuels in the form of thermal coal, metallurgical coal, crude oil and LNG
- However, climate targets of Australia’s key trading partners will wipe $128 billion a year off Australia’s exports unless we invest in alternatives
- New research from Beyond Zero Emissions shows that Australia can grow its revenue from new green exports to $333 billion by 2050
- The report outlines three scenarios for Australia: Go for Gold, Slow Starter and Back of the Pack.
You can find a Summary and the Full Report here.
Please SHARE this report with many others. Australia has the resources and the emerging technology for growing its exports and avoiding the expansion and use of fossil fuels.
It’s time for the Australian government and the State governments to walk the talk, and heed the Intergovernmental Panel on Climate Change’s call for decreasing greenhouse gas emissions (which cannot be done just by using Carbon Capture Storage) and the International Energy Agency’s advice that there should be no new gas or coal projects.
You can get involved with 350 Perth’s “No Need for Scarborough gas” campaign. Read about it by clicking on the button below. Please sign up or contact us, to help keep polluting fossil fuels in the ground.