Green steel industry is being hampered by slow environmental approvals processes, Alan Finkel-backed report says

Already a subscriber?Environmental approval processes are obstructing critical renewable energy infrastructure needed to develop a lucrative green steel industry in Western Australia’s resource-rich Pilbara, experts warn.

“The consequences of acting too slowly or inefficiently will be severe … This is a major risk to Australia’s economic security,” Dr Finkel said. “Australia has the potential and scale to dominate in green iron, but absent timely action on energy supply decarbonisation in the Pilbara underpinned by common-user infrastructure, we risk forgoing this once-in-a-century opportunity,” the report says.

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