Overview
This project assesses the main pressures with international trade barriers and regulations as a result of the global movement towards the attainment of net-zero emissions by 2050, and assesses the global opportunities, threats and emerging best practices to develop programs that take advantage of emerging knowledge and experience globally. It will provide a detailed understanding of the current and emerging policy considerations with attention to trade, emission control policies, industry support and regulatory arrangements that have a significant influence on industrial development to enhance opportunities for Australia’s heavy industry as it reduces greenhouse gas emissions.
Project Details
Four industry groupings will be reviewed in terms of international trends and emerging policy initiatives including trade and regulatory considerations associated with the production and use of iron ore and steel, alumina and aluminium, cement and lime, and hydrogen, ammonia and renewable energy.
Summaries will be produced including 12-15 relevant trading countries with Australia that focus on international trade considerations and regulatory, market and voluntary policy initiatives. A series of short cross-cutting summaries will also be prepared for each of HILT CRC’s four core industries.
Identified Pathways
Industry roadmaps and transition strategies and;
Sustainability assessments, community engagement and sustainability leadership
Outcomes
This research will provide a strong understanding of HILT CRC’s low emission challenge and the external risks and pressures that could help shape and determine HILT’s focus and outcomes. These outcomes will provide a roadmap for the Australian industry helping decision-makers to evaluate and select between different options and pathways based on their relative exposure to the negative impact of carbon emissions, reduction legislation and regulation in Australia’s trading partners. It will also lay out strategic options for Australian businesses to influence, as well as respond to emerging regulatory threats in their most important export markets.