Landmark report highlights immense decarbonisation and economic benefits of green iron produced in WA
“The impact is so large that if WA supplied 218Mt of green iron by 2050 – using about 40 per cent of the iron ore we produce today – global emissions would fall by 1.2 per cent.
“That would mean offsetting nearly every single tonne of Australia’s current 465Mt of domestic CO2 emissions.
In the nearer term, producing higher-grade iron ores like magnetite can reduce net steelmaking emissions today, with some products capable of reducing lifecycle emissions by around 10 per cent via existing production pathways.
“Ensuring the right policy and regulatory settings to unlock WA’s magnetite reserves is another key part of the decarbonisation puzzle,” Ms Tomkinson said.
The report’s 2030 Action Plan outlines three key priority areas for Government.
They include expanding R&D support, tax incentives and grants to fast-track Australian green iron technology and commercialisation, boosting government investment in lowering the cost of low-emissions energy and developing common-user infrastructure.
https://www.cmewa.com.au/media-release/articles/landmark-report-highlights-immense-decarbonisation-and-economic-benefits-of-green-iron-produced-in-wa/
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