September 15, 2020 Read More →

Australian coal hubs offer potential to lead world in low-carbon industrialisation

RenewEconomy

A new report has concluded that Australia – and particularly its traditional coal hubs – could become a significant economic power in a decarbonised world and could lead the world in producing the components of low-carbon industrialisation.

The new report, published by the Institute for Energy Economics and Financial Analysis (IEEFA), presents a case study describing how the Queensland region of Gladstone, could become a world-leading producer of components for the low-carbon industrialisation – components such as aluminium, steel, cement, silicon, lithium, and rare earth minerals.

The focus on the report looks at Australia’s potential to value add with industrial processes before exports, and looks in particular at the potential of aluminium smelters to benefit from being powered by renewables rather than their traditional source of coal fired power.

Authored by Clark Butler, an IEFFA guest contributor and corporate advisor, the report highlights that instead of closing the country’s “loss-making and high emitting aluminium smelters,” these industries could instead transition to renewable electricity supply, “invest in plant upgrades to support demand response management, and profit from the long-term growth of the metals and industrial processing markets.” 

[Joshua S. Hill]

More: Smelters could lead switch to renewables by acting as giant batteries

Posted in: IEEFA In the News

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