Australia is facing a pivotal moment as its industrial sector undergoes transformative change to meet global and domestic emission-reduction targets. The country is urged to adopt a 21st Century industry policy to facilitate this transition and position itself as a leading energy superpower. With the decline in coal and gas demand globally, Australia is presented with an opportunity to leverage its abundant renewable energy and mineral resources for export-oriented industries. The shift towards low-emission alternatives in steel and aluminium production and the development of green hydrogen are highlighted as key strategies to propel the economy towards a net-zero future. The article emphasizes the importance of addressing the 'green premium' challenge, which involves bridging the cost gap between zero-emissions production and conventional methods. The pathway to closing this gap includes factors such as cheaper electricity, higher carbon prices, and support for green commodities. The discussion also mentions the role of industry policies, specifically referencing the Hydrogen Headstart program, in underwriting part of the additional production costs to promote industry growth. Furthermore, the article outlines the government's initiative, 'Future Made in Australia,' which aims to support sectors aligned with the national interest framework, including renewable hydrogen and green metals. While challenges exist, the piece advocates for seizing the opportunity presented by the transition to a green economy, highlighting the potential downsides of inaction and the significant benefits of embracing this transformation. Overall, the sentiment of the article towards Australia's shift to a green metals industry and a net-zero economy is positive and forward-thinking.