The Superpower Institute, an Australian think tank, said the nation’s potential clean energy export revenue stands at AUD 700 billion based on current industry output, with projections reaching AUD 1 trillion by 2060.

Its report, “The New Energy Trade,” identifies significant clean energy shortfalls in China, Japan, South Korea, India, and Germany, with demand projected to exceed supply by 37% to 66% by mid-century.

Options to bridge the gap, like nuclear, remain uncompetitive; even tripling China’s nuclear build rates would meet only 7% of its 2060 electricity needs.

Australian exports of green materials like iron, aluminum, transport fuels and polysilicon could reduce 2021 global emissions by up to 9.6% and generate revenues six to eight times higher than fossil fuel exports.