Mercury (Hobart)

Australia’s biggest exports are iron ore and coal and gas and agricultur­e. Won’t that hurt us more?

- DR FINKEL SAYS:

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.

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