BHP says Australia should be playing a larger role in low-emissions technologies, urging the Albanese government to put in place measures to attract financing and expand local refining and manufacturing in the sector.

In its submission to the federal budget, the country's largest mining company warns other countries are "quickly moving to attract the capital needed to take advantage" of a surge in demand for critical minerals needed for a low-emissions environment, citing the Biden administration's Inflation Reduction Act and similar measures in Canada.