• About
    • Which Energy Mix is this?
  • Climate News Network Archive
  • Contact
Celebrating our 1,000th edition. The climate news you need
No Result
View All Result
The Energy Mix
  • Canada
  • UK & Europe
  • Fossil Fuels
  • Ending Emissions
  • Community Climate Finance
  • Clean Electricity Grid
  • Cities & Communities
SUBSCRIBE
DONATE
  • Canada
  • UK & Europe
  • Fossil Fuels
  • Ending Emissions
  • Community Climate Finance
  • Clean Electricity Grid
  • Cities & Communities
SUBSCRIBE
DONATE
No Result
View All Result
The Energy Mix
No Result
View All Result
  FEATURED
EXCLUSIVE: Hydrogen is Up, Pieridae is Out as German Chancellor Preps for Canada Visit August 15, 2022
Historic Climate Bill Passes U.S. House, Goes to Biden for Signature August 15, 2022
BREAKING: U.S. Senate Passes Historic $369B Climate Package August 7, 2022
Researchers Point To ‘Dangerously Unexplored’ Risk of Global Climate Catastrophe August 2, 2022
Koch Network Pressures Manchin, Sinema as Advocates Praise ‘Game Changing’ Climate Deal August 2, 2022
Next
Prev

Net-Zero Commitment Could Bring Australia $63 Billion in New Investment by 2025

October 26, 2020
Reading time: 2 minutes

Tim17111711/PIxabay

Tim17111711/PIxabay

1
SHARES
 

A commitment to net-zero emissions by 2050 from Australia’s notoriously coal-friendly government would unlock A$63 billion in new investment over the next five years and open up carbon farming as a major new opportunity, according to new analysis commissioned by a group of institutional investors that deliberately looks beyond the even bigger opportunities in renewable energy.

The value of a commitment to an “orderly transition” to net-zero “would reach hundreds of billions of dollars by 2050 across sectors including renewable energy, manufacturing, carbon sequestration, and transport,” The Guardian reports, citing a release earlier this month from the Investor Group on Climate Change (IGCC), a collection of financiers from Australia and New Zealand with more than $2 trillion under management. “However, if the country keeps to its current targets and climate policies, investment worth $43 billion would be lost over the next five years, growing to $250 billion by 2050.”

The report, which the IGCC commissioned from Australian consultancy Energetics, identified opportunities worth $15 billion in manufacturing, $6 billion in transportation infrastructure, and $3 billion in green hydrogen through 2025, The Guardian says. “Carbon sequestration—or carbon farming—would emerge as a major investment asset class, with estimated investment worth $33 billion in nature-based solutions such as tree planting and assisted regeneration of deforested land.”

Investment potential through 2050 would include $385 billion in clean electricity, $350 billion in domestic green hydrogen, $104 billion in transportation infrastructure, and $102 billion in carbon sequestration.

“What it shows is that the investment opportunities extend well beyond just the renewables industry,” said IGCC Director of Policy Erwin Jackson. “Renewables are the backbone of the transition, but there are massive opportunities in other sectors such as manufacturing, restoring the land, and electrification of transport.”

With more than half of Australia’s direct trading partners already committed to net-zero by 2050, the report also looked at the pitfalls of continuing along the federal government’s current course. “Put bluntly, capital is global, and it wants to invest in climate change solutions because they see it as delivering more on their long-term investments,” Jackson said. “They’re going to invest more in countries that have durable, credible policies to achieve net-zero emissions by 2050.”

Energetics isn’t the only source of analysis—or daily news—pointing to the opportunities for Australia in the shift off fossil fuels. Another recent report found that the coal-dependent state of Queensland could generate nearly 10,000 jobs with a shift to renewables, and for just over an hour earlier this month, South Australia became the first major jurisdiction in the world to be powered 100% by solar-generated electricity. “This is truly a phenomenon in the global energy landscape,” said Australian Energy Market Operator (AEMO) CEO Audrey Zibelman.

Elsewhere, Western Australia is embracing its 26-gigawatt Asian Renewable Energy Hub as a job creator and a “major contributor” to greenhouse gas reductions.



in Australia, Auto & Alternative Vehicles, Climate & Society, Climate Impacts & Adaptation, Community Climate Finance, Demand & Distribution, Ending Emissions, Food Security, Forests & Deforestation, Hydrogen, Jobs & Training, Renewable Energy, Soil & Natural Sequestration, Solar, Supply Chains & Consumption, Wind

The latest climate news and analysis, direct to your inbox

Subscribe

Related Posts

TGEGASENGINEERING/Wikimedia Commons
Energy Politics

EXCLUSIVE: Hydrogen is Up, Pieridae is Out as German Chancellor Preps for Canada Visit

August 15, 2022
748
Steve Jurvetson/flickr
International Security & War

The Other Kind of Climate Change: Even a ‘Limited’ Nuclear War Would Trigger Starvation, Kill Billions

August 15, 2022
2
/Pikist
United States

Historic Climate Bill Passes U.S. House, Goes to Biden for Signature

August 15, 2022
221

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

I agree to the Terms & Conditions and Privacy Policy.

Trending Stories

TGEGASENGINEERING/Wikimedia Commons

EXCLUSIVE: Hydrogen is Up, Pieridae is Out as German Chancellor Preps for Canada Visit

August 15, 2022
748
Brocken Inaglory/wikimedia commons

State-Wide Megastorm Driven by Global Heating Could Drench California for a Month

August 15, 2022
437
/Pikist

Historic Climate Bill Passes U.S. House, Goes to Biden for Signature

August 15, 2022
221
Vinaykumar8687/WikimediaCommons

Solar On Track for ‘Staggering’ 30% Growth This Year

August 15, 2022
157
UK Black Tech/wikimedia commons

U.S. Tech Workers Leaving High-Paying Jobs to Focus on Climate Crisis

August 15, 2022
122
United States Marine Core/Wikimedia Commons

Distributed Energy Gains Ground With Mobile Microgrids, Vehicle-to-Grid Technology

August 15, 2022
114

Recent Posts

Steve Jurvetson/flickr

The Other Kind of Climate Change: Even a ‘Limited’ Nuclear War Would Trigger Starvation, Kill Billions

August 15, 2022
2
U.S. Fish and Wildlife Service

Arctic Warms 4 Times Faster than Global Average, Surpassing Estimates 

August 15, 2022
116
rawpixel

Common Medications Foil Body’s Ability to Cope with Hot Weather

August 15, 2022
92
Max Pixel

Slashing Nitrogen Dioxide Pollution Can Improve Crop Yields, Study Finds

August 15, 2022
50
David Hawgood/Geograph

E-Bikes a ‘Faster and Fairer’ Emissions Solution than Electric Cars

August 15, 2022
103
U.S. Fish and Wildlife Service Northeast Region/wikimedia commons

Researchers Study Carbon Loss, Forest Impacts of Northwest Territories ‘Zombie Fires’

August 15, 2022
23
Next Post
http://www.greenpeace.org/canada/en/campaigns/Energy/tarsands/

Alberta Suspends Some Fossils’ Property Taxes for Three Years, Leaves Debts to Rural Municipalities Unaddressed

The Energy Mix

Copyright 2022 © Smarter Shift Inc. and Energy Mix Productions Inc. All rights reserved.

Navigate Site

  • About
  • Contact
  • Privacy Policy and Copyright
  • Cookie Policy

Follow Us

No Result
View All Result
  • Canada
  • UK & Europe
  • Fossil Fuels
  • Ending Emissions
  • Community Climate Finance
  • Clean Electricity Grid
  • Cities & Communities

Copyright 2022 © Smarter Shift Inc. and Energy Mix Productions Inc. All rights reserved.

Manage Cookie Consent
To provide the best experiences, we use technologies like cookies to store and/or access device information. Consenting to these technologies will allow us to process data such as browsing behaviour or unique IDs on this site. Not consenting or withdrawing consent, may adversely affect certain features and functions.
Functional Always active
The technical storage or access is strictly necessary for the legitimate purpose of enabling the use of a specific service explicitly requested by the subscriber or user, or for the sole purpose of carrying out the transmission of a communication over an electronic communications network.
Preferences
The technical storage or access is necessary for the legitimate purpose of storing preferences that are not requested by the subscriber or user.
Statistics
The technical storage or access that is used exclusively for statistical purposes. The technical storage or access that is used exclusively for anonymous statistical purposes. Without a subpoena, voluntary compliance on the part of your Internet Service Provider, or additional records from a third party, information stored or retrieved for this purpose alone cannot usually be used to identify you.
Marketing
The technical storage or access is required to create user profiles to send advertising, or to track the user on a website or across several websites for similar marketing purposes.
Manage options Manage services Manage vendors Read more about these purposes
View preferences
{title} {title} {title}