Media

Prof Elizabeth Thurbon writes on CEF’s green iron report and the immense strategic opportunity for Australia in establishing a green iron and steel industry Read more

Australian Mining Monthly covers CEF’s new green iron report, which finds that we face a potential 50% drop in iron ore export revenues if we fail to pivio at speed to green iron Read more

CEF director Tim Buckley discusses CEF’s major new report on Australia’s huge green iron opportunity with Kieran Gilbert on SKy Newsday. Read more

As the world’s top exporter of iron ore, Australia risks losing up to 50% of its $138 billion annual export revenues unless it invests in green iron production, according to a report by Climate Energy Finance (CEF). The report, Green Metal Statecraft: Forging Australia’s Green Iron Industry, argues that the shift towards decarbonisation in key markets such as China demands urgent action to maintain Australia’s role in the global steel supply chain. Read more

Distributed widely via AAP | Australia risks a catastrophic halving of its iron ore export revenues from a failure to invest in the emerging green iron industry, a think tank warns. In a peer-reviewed report aimed at Treasurer Jim Chalmers, the Climate Energy Finance think tank warns Australia will lose its global lead in iron ore, with devastating economic consequences, unless it quickly offers incentives to kickstart green iron exports. Australia’s top export iron ore could double to more than $250 billion annually if it went green and switching to exporting green iron could also reduce global emissions by one billion tonnes per year, the report found. Read more

Top global iron ore exporter Australia could lose as much as half its revenue from the sector if it fails to start producing green iron fast enough, as other countries start making steel using renewable energy, a think tank said on Friday. To avoid what could be “devastating economic consequences”, Australia needs “a suite of strategic national-interest policy and investment incentives to kickstart a green iron export industry”, the report said. Read more

Independent clean energy think tank Climate Energy Finance has called for a $20 billion Future Fund mandate to enable renewables-powered processing of green metals and for measures to accelerate investment in firmed renewable energy at scale. CEF Net Zero Transformation Analyst and lead author on the report Matt Pollard said Australia’s world leading iron ore producers have extracted huge returns on investment as China prioritised expansion of its steel mills. Read more

Australia accounts for 56% of seaborne iron ore trade, according to government figures. To avoid what could be “devastating economic consequences”, Australia needs “a suite of strategic national-interest policy and investment incentives to kickstart a green iron export industry”, the report said. “In the global race to green iron exports, Australia has numerous competitive advantages – such as abundant and cheap renewables – that we must capitalize on,” said Marilyne Crestias at Clean Energy Investor Group (CEIG). Read more

As the world’s top exporter of iron ore, Australia risks losing up to 50% of its $138 billion annual export revenues unless it invests in green iron production, according to a report by Climate Energy Finance (CEF). The report, Green Metal Statecraft: Forging Australia’s Green Iron Industry, argues that the shift towards decarbonisation in key markets such as China demands urgent action to maintain Australia’s role in the global steel supply chain. Read more

Australia, the world’s largest iron ore exporter, could see its export revenues plummet by 50 per cent unless it makes an urgent shift to green iron production, according to a new report by think tank Climate Energy Finance. The report, Green Metal Statecraft: Forging Australia’s Green Iron Industry, warns that as global steelmakers transition to low-emission practices, demand for traditional, high-emission iron ore is likely to fall sharply. This shift could cause Australia’s $138 billion iron ore revenue to halve, affecting the nation’s economy and global market standing. Read more

Green energy success is helping Beijing push back against western political pressure. Xuyang Dong, a China energy policy analyst at Climate Energy Finance, an Australian think-tank, argues that China’s renewable electricity generation, backed by huge investment in the power grid and energy storage, means coal will increasingly only be used as an emergency back-up before, “inevitably”, being phased out. Read more

The election of Donald Trump – a felon and climate crisis denier – as president of the United States comes as a stroke of bitter irony after recent floods exacerbated by global warming smashed parts of the southeast US – Hurricane Milton alone is likely to cost up to US$50 billion – and given the escalating intensity of wildfires and other natural disasters taking a huge toll on America and other countries. Trump’s “drill baby, drill” energy policies are a disaster for the US, intergenerational equity and global efforts to mitigate the climate crisis. Read more