Business
Carbon capture is a gift horse for Australia – The Australian Financial Review
After wool, coal, and iron ore, the storing of carbon could be Australia’s next big opportunity in the global economy.
But China is turning away from Australia for geopolitical reasons, slapping trade restrictions on most of our exports other than gas and iron ore. And it is opening vast, rich iron ore deposits in west Africa to reduce its dependence on Australia.
By mid-century, China will have enough scrap steel to wind back its iron ore imports sharply.
Our newest opportunity is the storage of carbon in our soil, trees and depleted petroleum reservoirs.
As long as the government remains intransigent on a zero…
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