Weekend Edition: Can Australian exports iron out climate woes?

NAB Morning Call

Friday 25th July 2025

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This week Rod Sims, chair of the think tank The Super Power Institute, joins Phil to talk about Australia’s green iron opportunity. He says we have all the ingredients – the raw materials and the environment – to produce green iron, rather than shipping iron ore and coking coal overseas for carbon-intensive processing. But he admits in the short-term Australian produced green iron will be a more expensive proposition for markets like China and, in the absence of global carbon pricing, the government will need to step in with subsidies. The long-term opportunity, though, will make it all worthwhile. The Institute's own figures suggest green iron could generate $386 billion annually in exports by 2060, compared to around $120 billion now for iron ore. That requires a strategy and deep pockets from the government. Phil asks, are they on board with this?

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