Australia needs to start focusing on utilising its abundant natural advantages to take advantage of the global financial push for green energy, an expert has said. Director of Climate Energy Finance (CEF) Tim Buckley told The Epoch Times he believes that Australia has the potential to become a world leader in the green revolution that is now he says, inevitable.
However, the country is lagging behind. “Australia should be a renewable energy superpower,” Buckley said. “We should be a renewable mining industry superpower.”
He believes that given Australia’s resource wealth in lithium, rare earths, copper, cobalt, nickel, wind, solar, and hydro, the country has everything needed to benefit from the global financial markets’ push for decarbonisation, which Buckley says will see massive investment, employment, and export opportunities.
“We should be value-adding,” he said. “We’re the world’s biggest supplier of iron ore. Thirty-eight percent of the world’s iron ore comes from Australia. Why don’t we do a little bit of value-adding before we export it? Why don’t we help China, Japan, and Korea decarbonise their steel industry by exporting them the green steel rather than iron ore.”
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