A new report from the Chamber of Minerals and Energy WA highlights Western Australia's potential to lead a green iron revolution that could significantly reduce global carbon dioxide emissions by 1.2% by 2050. The report emphasizes the importance of decarbonizing steelmaking, which accounts for a substantial portion of global emissions. By investing $37.5 billion in a hydrogen-based ironmaking process by 2030, the state could produce 4.5 million tonnes of green iron annually, creating economic value of $74 billion and supporting 19,600 direct jobs. Industry leaders, including Fortescue, Rio Tinto, and BHP, are enthusiastic about the prospects of green iron production, emphasizing its role in combating climate change and creating a sustainable future. Collaborative efforts are underway to develop technology that will reduce the carbon intensity of steelmaking and pave the way for a low greenhouse gas emission future. The industry sees this shift as a significant economic opportunity that could generate billions of dollars annually and create thousands of highly paid jobs, positioning Australia and the world for a greener future.