The report from Sydney-based think tank Climate Energy Finance (CEF) raises concerns about Australia's investment policy towards China, indicating a missed opportunity for a potential 'green capital tsunami' that could benefit Australia's transition to renewables. Despite Chinese firms committing significant investments in clean technology globally, Australia's unclear posture towards Chinese investments has led to a decline in foreign direct investment from China. The report proposes a bilateral partnership with China to support decarbonisation efforts and build Australian sovereign capabilities. It suggests leveraging Australia's renewable energy for projects like producing green iron to add value to exports. Recommendations include establishing a critical minerals reserve trading fund and advocating for carbon price signals for international trade. While emphasizing the economic benefits of closer ties with China, the report also highlights risks related to human rights abuses and China's market dominance, urging careful consideration of these factors. Overall, the report calls for transparent policies to attract Chinese investment and promote decarbonisation while safeguarding Australia's national interests and financial independence.