Green Energy Statecraft
A new governance framework that accelerates the green energy transition while maximising its national benefits
Learn More
Research Project
Challenge
One of the biggest obstacles to launching large, first-of-their-kind, clean commodity projects( like green iron) in Australia is the absence of guaranteed demand at bankable prices. Without such certainty, project proponents and financiers lack the confidence to commit capital and make final investment decisions, stalling progress on green industry development.
Solution
The CCTI offers a straightforward and relatively low-risk solution to this problem. It proposes the government enters into offtake contracts to support the earlystage production of new clean commodities, such as green pig iron, sustainable aviation fuel and green ammonia. The CCTI addresses the gap left by existing policy tools, such as production tax credits, by stimulating early demand and providing clear price signals for first-mover projects.
Target customers / end-users
• policymakers in the energy, economic and environmental domains
• industrial and financial stakeholders in cleancommodity sectors
• civil society and nongovernment organisations aimed at ensuring a just transition and broad public consensus.
Progress
• major funding secured
• 29 project-related publications, national media engagement
• 23 national and international events with a wide range of government, industry and civil society stakeholders
• deep stakeholder engagement to build consensus and drive durable change.
Policy engagement
Multidisciplinary team
Climate & Clean Energy
The project advances a new governance framework to help accelerate and shape the green energy transition. It engages government, industry, non-government organisations and researchers to highlight how the shift can strengthen national security across economic, energy, social and geostrategic domains.
44 •