Some of Australia’s heavyweights in the industry, who together represent 13.6% of Australian industrial emissions, have signed on to the Australian Industry Energy Transitions Initiative.
BHP, Woodside, BlueScope Steel, BP Australia, Orica, APA Group and Australia Gas Infrastructure Group are working towards a decarbonised future.
They are joined by National Australia Bank, Schneider Electric and Australian Super, who represent the broader system of investments, services, products and knowledge that will be key to supporting industry action towards net-zero supply.
The initiative aims to set Australian industry up for a success in a decarbonised global economy, by harnessing industry knowledge to develop pathways and actions that can accelerate emissions reductions across whole supply chains.
“This initiative provides a platform to generate knowledge and test action through on-the-ground projects that support industry to realise the opportunities of decarbonising global economy,” says the Chair of Australian Industry ETI, Simon McKeon AO, Chancellor of Monash University, and former Australian of the Year.
ClimateWorks CEO, Anna Sharkbek says that a supply chain approach is vital.
“The good news is that the Energy Transitions Commission and others have shown that technologies can eliminate the emissions from our heavy industry supply chains. Better understanding theseopportunities for Australian industry will be a key focus of the initiative.
“We’re pleased to be working with Australian industry participants to develop pathways and actions to support net zero emissions across critical supply chains of the economy.”
Other industry leaders are invited to join the project by contacting ClimateWorks Australia or Climate-KIC Australia.
Other companies in active discussion with the initiative operate across steel, aluminum, other key metals, chemicals, LNG, finance and superannuation.