Seizing the green iron opportunity with ZESTY
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Seizing the green iron opportunity with ZESTY
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The Innovating for Earth podcast series returns to discuss the green iron opportunity.
Steel is the backbone of modern society, yet conventional steelmaking is one of the world's largest sources of industrial emissions. Green iron therefore offers a large opportunity to contribute to both global decarbonisation and development.
If Australia can take advantage of its iron ore and renewable energy resources to export green iron in place of iron ore, it is estimated that it could:
- Add 3x the value of its largest source of export income – from $120 billion for iron ore currently to up to $386 billion annually for green iron by 2060.
- Abate 3x Australia's current domestic emissions – equal to roughly 4% of the global total.
To discuss how Australia can seize its Green Iron opportunity, host James O'Loghlin is joined by Chris McMahen from The Superpower Institute, Max van Someren from Bivios and Chris Ormston from Calix . Together, they explore the scale of the challenge, emerging technology solutions like Calix's ZESTY, the economic and environmental implications for Australia and the world, and what more is needed to seize the opportunity.