Inquiry into Australia's transition to a green energy superpower

In our 2021 Export Powerhouse report we identify a $333 billion green export opportunity by 2050 (almost triple the value of 2019 fossil fuel exports). To achieve this, we need a rapid roll out of renewable energy generation, supported by an effective grid and sharp focus on reindustrialising the nation using Renewable Energy Industrial Precincts (REIPs) as a core model. We welcome this consultation and in particular recommend the Government:

• set a national clean commodity export target of $100 billion (including renewable hydrogen, green steel, green aluminium, and critical minerals) by 2035
• set green export investment as a priority for DFAT, Trade and Investment Growth
• drive rapid roll out of renewable energy generation (100% by 2030), supported by a fit-for-purpose Supergrid (including transmission, firming, distribution, system security and equitable access)
• invest $6.3 billion to coordinate and launch seven Renewable Energy Industrial Precincts over the next 10 years and work towards 14 Renewable Energy Industrial Precincts in the longer term