Albanese calls for Australia-China partnership on green steel and emissions cuts
The Government and industry view greater collaboration with China as vital to meeting Australia's own green energy goals.
'Australian miners are reliable and stable (suppliers) of iron ore, responsible for almost 60 per cent of China's iron ore imports. That iron ore goes into Chinese steel production, which accounts for over 50 per cent of global supply.
'Trade remains a central pillar of our bilateral trading relationship, supporting jobs, investment, and prosperity in both of our countries.
'Steelmaking value chains are also responsible for 7 to 9 per cent of global emissions, and achieving the goal of the Paris Agreement will require the decarbonisation of steel value chains, presenting an opportunity for Australia and China to progress our long-term economic interests.
'Steel decarbonisation presents a range of challenges. What we need are enabling policy environments, extensive investments in research to develop new technologies and collaboration across academia, industry and Government,' Mr Albanese added.
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