According to The Australian Financial Review, Australia has a huge opportunity to be a significant green export player, but leading industrial executives warn the chance will be missed unless the government quickly puts in place the right supports to give companies the confidence to invest.
The general manager of Rio Tinto’s Pacific Renewable Energy unit Vik Selvaraja said it was critical that Australia get the right policy frameworks in place as soon as possible to make goods such as green steel or aluminium before the opportunity is grasped by other countries. Almost half of Rio Tinto’s emissions are generated by the Pacific Aluminium division, which includes fossil fuel-powered aluminium smelters in NSW and Queensland, as well as two fossil fuel-powered alumina refineries near Gladstone. Mr Selvaraja said the government should consider production tax credits to subsidise green aluminium manufacturing. https://www.afr.com/companies/energy/match-overseas-incentives-to-spur-australia-s-green-exports-20241022-p5kk74
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