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Australia's Critical Minerals Strategy"

Author

Listed:
  • Smyth, Russell
  • Vespignani, Joaquin

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.

Suggested Citation

  • Smyth, Russell & Vespignani, Joaquin, 2023. "Australia's Critical Minerals Strategy"," MPRA Paper 122868, University Library of Munich, Germany.
    • Handle: RePEc:pra:mprapa:122868
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    File URL: https://mpra.ub.uni-muenchen.de/122868/1/MPRA_paper_122868.pdf
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    References listed on IDEAS

    as
    1. Russell Smyth & Joaquin Vespignani, 2022. "Increasing Australian Lithium Production to Meet Electric Vehicles and Net Zero Global Targets: A Decarbonisation Tax Discount?," Economic Papers, The Economic Society of Australia, vol. 41(4), pages 385-389, December.
    2. repec:wbk:wbpubs:7105 is not listed on IDEAS
    3. repec:wbk:wbpubs:7136 is not listed on IDEAS
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    More about this item

    Keywords

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    JEL classification:

    • E0 - Macroeconomics and Monetary Economics - - General
    • E00 - Macroeconomics and Monetary Economics - - General - - - General
    • Q40 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Energy - - - General
    • Q42 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Energy - - - Alternative Energy Sources

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