The race to net zero is accelerating. Just last week, United States President Joe Biden and Australian Prime Minister Anthony Albanese unveiled a climate pact to boost cooperation. The move signifies Australia is becoming a global leader in the renewable energy roll-out and critical mineral supply.
Australia’s rich iron ore deposits and cheap solar offer yet another way we can lead. If we locate green hydrogen plants near green steel facilities, we can shift the highly polluting steel industry away from fossil fuels.
Our new research shows co-locating plants in sun-rich, iron-rich places like Western Australia’s Pilbara and South Australia’s Eyre Peninsula can help overcome the “first mover problem” for green hydrogen: you can’t have a hydrogen industry without buyers for it and can’t have buyers without hydrogen.
