A recent study suggests that Australia could significantly boost its export revenue by transitioning from its traditional coal and gas industry to green iron production by 2060. Green iron is manufactured using renewable energy resources such as hydrogen and solar/wind power, offering a substantial reduction in emissions compared to conventional steelmaking processes. The Superpower Institute's Green Iron Plan for Australia report highlights the country's potential as the largest iron ore exporter to become a leading green iron producer but points out obstacles including lack of financial support for early investors, infrastructure limitations, and the absence of an international carbon price. To overcome these challenges, the report suggests introducing a green iron production tax credit, offering grants for initial projects, and exploring trade opportunities. With proper investments and strategic actions, Australia could establish itself as a key player in the green iron market, generating significant economic benefits and contributing to environmental sustainability. The report envisions a future where Australia leads the green iron industry, with projected annual revenues reaching $386 billion by 2060.