9 DashLine Essay
June 2022
At the recent G7 Summit in Hiroshima, the United States and Australia announced a new partnership on green industrial policy: the Climate, Critical Minerals and Clean Energy Transformation Compact. It positions climate as a “central pillar” of the bilateral alliance. This includes consolidating commitments to ‘friend shoring’ of clean energy supply chains, which primarily acknowledges that China currently controls, or aims to control, the output of many energy transition goods. These goods include: processed minerals such as lithium, cobalt, rare earths, and nickel; technologies such as solar panels and electric vehicles; fuels such as renewable hydrogen and ammonia; and commodities such as ‘green’ steel produced without fossil fuels.
