9 Conclusions and recommendations
Lithium Valley is the opportunity for WA to take hold of its economic future. At stake is over 100,000 jobs and greater than $50 billion of annual revenue that would transform the WA economy. As a contribution to the global economy it has significant economic, social and environmental value. This will require the following: 9.1 Federal Government 9.1.1. Work with the State Government to establish a Special Industrial Park (SIP) over the entire Western Trade Coast. 9.1.2. Enable Australia to be a leader in the global transition from a fossil fuels-driven economy to a renewable economy through a wide variety of policies, mandates, legislation and regulation. 9.1.3. Create a New Energy Industry Co-operative Research Centre (CRC) in Perth. 9.1.4. Facilitate innovation in New Energy to be commercialised 9.1.5. Set high standards for refined products of New Energy minerals to promote quality. 9.1.6. Reform the GST model to enable New Energy industry 9.1.7. Include strategic resources as a new section for Foreign Investment Review Board approval. 9.1.8. Ensure the EU defines Australia as a Critical Raw Materials supplier. 9.1.9. Implement a harmonised nationwide recycling approach, potentially using the EU regulations as a guide and using e-waste as the exemplar.
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