Australia’s biggest exports are iron ore and coal and gas and agriculture. Won’t that hurt us more?
Getting to zero will bring enormous opportunities for Australia’s export industries. The demand for iron ore to make steel will continue, driven by growth in developing countries. The difference will be the steelmakers who buy our iron ore will increasingly want to know it was extracted and handled with zero emissions. The steelmakers of the future will need lots of low emissions hydrogen to run their new steel mills and Australia can supply that hydrogen. Global natural gas use is projected to increase this decade before slowly declining. And when it comes to agriculture, domestic and international customers increasingly want green products, including the food they eat.