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AAP
AAP
Jennifer Dudley-Nicholson

Australia urged to spend big while green iron is hot

Green iron is produced using renewable energy resources rather than coal or gas. (Dean Lewins/AAP PHOTOS)

Australia has a unique opportunity to trade its dirty coal and gas industry for cleaner green iron market and make four times the revenue from its export by 2060, a study suggests.

But there are hurdles to producing green iron in Australia, the report says, and government and businesses need to invest to beat rival nations racing to cash in on the opportunity.

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