Australia's Critical Minerals Strategy"

Russell Smyth and Joaquin Vespignani

MPRA Paper from University Library of Munich, Germany

Abstract: We thank the Department of Industry, Science and Resources (DISR) for the opportunity to contribute to the development of a national critical minerals strategy. We agree with the DISR that Australia has a narrow window of opportunity to capitalize on the very high demand and prices of critical minerals in order to become the world leader in clean energy production. While the Discussion Paper touches on several issues relevant to developing a critical minerals sector in Australia, our submission focuses on achieving a level of investment and output in the sector, consistent with global decarbonization and global net zero by 2050. Specifically, we proffer a tax reform proposal in the form of a Decarbonization Corporate Bond that, we believe, would mitigate, or eliminate, most of the factors inhibiting investment in critical minerals.

Keywords: Critical minerals; energy; Australia (search for similar items in EconPapers)
JEL-codes: E0 E00 Q40 Q42 (search for similar items in EconPapers)
Date: 2023-06-01
New Economics Papers: this item is included in nep-ene and nep-env
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Related works:
Working Paper: Australia's Critical Minerals Strategy (2024)
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Persistent link: https://EconPapers.repec.org/RePEc:pra:mprapa:122868

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