{"id":8391,"date":"2023-08-28T11:21:02","date_gmt":"2023-08-28T01:21:02","guid":{"rendered":"https:\/\/yinghuiinternational.com\/?p=8391"},"modified":"2023-08-29T11:22:51","modified_gmt":"2023-08-29T01:22:51","slug":"intergenerational-report-maps-out-minings-future","status":"publish","type":"post","link":"https:\/\/yinghuiinternational.com\/index.php\/2023\/08\/28\/intergenerational-report-maps-out-minings-future\/","title":{"rendered":"Intergenerational report maps out mining\u2019s future"},"content":{"rendered":"\n

<\/h1>\n\n\n\n

\"\"ALEXANDRA EASTWOOD<\/a><\/p>\n\n\n\n

\"bhp,<\/figure>\n\n\n\n

The Federal Government has released the 2023 Intergenerational Report, showing that Australia\u2019s mining sector is set to benefit from the critical minerals push.<\/p>\n\n\n\n

The Intergenerational Report is a \u201cbig picture view\u201d of Australia\u2019s economy over the next 40 years, projecting the outlook of the economy and the Australian Government\u2019s budget to 2062-63.<\/p>\n\n\n\n

Climate change and the necessity of net-zero emissions was a big focus in the report.<\/p>\n\n\n\n

\u201cAustralia is in a strong position to benefit with some of the world\u2019s largest reserves of critical minerals such as lithium, cobalt and rare earth elements<\/strong>, which are key inputs to clean energy technologies,\u201d\u00a0the report said<\/a>.<\/p>\n\n\n\n

\u201cWith abundant wind, sun and open spaces<\/strong> Australia also has the potential to generate green energy more cheaply than many countries.\u201d<\/p>\n\n\n\n

The report also said that the country\u2019s mining sector is expected to evolve, as the abundance of critical minerals becomes a key player in the world\u2019s shift to net-zero. However, the report also warns that coal demand is set to drop.<\/p>\n\n\n\n

\u201cGlobal demand for Australian thermal coal <\/strong>exports are expected to decline as our trading partners move toward net-zero emissions,\u201d it said.<\/p>\n\n\n\n

\u201cHowever, Australia has some of the world\u2019s largest reserves of critical minerals such as lithium, cobalt and rare earth elements. These, in combination with traditional strengths such as iron and aluminium are some of the essential ingredients in global emissions reduction as inputs for electric vehicles, batteries and renewable energy generation technologies.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"

ALEXANDRA EASTWOOD The Federal Government has released the 2023 Intergenerational Report, showing that Australia\u2019s mining sector is set to benefit from the critical minerals push. The Intergenerational Report is a \u201cbig picture view\u201d of Australia\u2019s economy over the next 40 years, projecting the outlook of the economy and the Australian Government\u2019s budget to 2062-63. Climate … Continue reading “Intergenerational report maps out mining\u2019s future”<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[180],"tags":[],"class_list":["post-8391","post","type-post","status-publish","format-standard","hentry","category-go-australia"],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p83F9T-2bl","jetpack-related-posts":[{"id":2306,"url":"https:\/\/yinghuiinternational.com\/index.php\/2017\/03\/30\/mining-sector-accounts-for-15-per-cent-of-australias-economy-deloitte\/","url_meta":{"origin":8391,"position":0},"title":"Mining sector accounts for 15 per cent of Australia\u2019s economy: Deloitte","author":"yinghui","date":"March 30, 2017","format":false,"excerpt":"A new Deloitte report has found the mining and mining equipment, technology and services (METS) sector has accounted for 15 per cent of Australia\u2019s gross domestic product (GDP), highlighting its significant contribution to Australia\u2019s economy. 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