Heavy Industries in Australia's Regions Could Cut Emissions by 80% and Create a Jobs Bonanza, Report Says

The regional powerhouses of Australia's industrial economy could slash their greenhouse gas emissions by more than 80% and become centres for multibillion-dollar investments in renewable energy, according to a report backed by some of the country's biggest companies. From a report: Bringing down emissions from producing iron, steel, aluminium, chemicals and liquefied natural gas is seen as one of the most challenging parts of Australia's efforts to reach net zero. But the report from the Australian Industry Energy Transitions Initiative (ETI), a partnership between heavy industry and experts working on decarbonisation, says the transition is possible using a range of known technologies, and would bring a jobs bonanza. By introducing a range of technologies along the supply chain, most of them proven and some already commercially available, the report says greenhouse gas emissions could be cut annually by 69.5m tonnes of CO2-equivalent -- about 14% of Australia's current total emissions.

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