Billions in Australian Iron Ore Exports at Risk Due to EU Carbon Tariffs, WWF Warns

The WWF warned there could be significant economic consequences if Australia did not address the issue in the next few years.

A reclaimer works in the Yandicoogina stockyard and loading a conveyor with high grade iron ore in Pilbara, Australia, on Sept. 4, 2009. Christian Sprogoe/AFP via Getty Images

A global NGO has warned Australia’s iron ore is incompatible with green steel technology and could significantly affect the country’s export revenue if not addressed soon.

During a recent Senate inquiry hearing, representatives from the World Wide Fund for Nature (WWF) raised the concerns.