Australia Urged to Expedite Net Zero Transition. Is Your Organisation Ready?

IGCC Report: aggressive carbon emission targets by 2035 required to achieve net zero by 2050; Australian organisations urged to fast-track their efforts

Ever since the Australian parliament passed the legislation enshrining a commitment to achieve net zero by 2050, the state governments and business enterprises seem to have stepped up their efforts to fast-track their net zero transition. 

Very recently, the Queensland government set an ambitious goal by committing to an 80% renewable energy transition by 2035. This announcement is considered historic because the state is widely known for its coal mining. Even Australia Post, which is the country’s oldest business, unveiled a 2025 sustainability roadmap on October 5 to become the first Commonwealth Government business enterprise to commit to net zero greenhouse gas emissions by 2050.

Coming up with such goals to accelerate the net zero journey has become even more important because a recently released report has urged Australia to set an aggressive goal of reducing emissions by 75% by 2035 to make the ‘net zero 2050’ goal a reality. The report was released by The Investor Group on Climate Change (IGCC) late last month. 

In this article, let us look at why the journey towards achieving net zero should be fast-tracked, discuss how the Queensland government and Australia Post are accelerating their net zero transition, and finally discuss how creating a comprehensive roadmap could help fast-track your net zero journey too.  

Recommended Read: Climate Change Bill 2022: Here’s What You Need to Know

Why Australia has been urged to fast-track its net zero transition

The IGCC report cites ‘unlocking investments‘ as one of the major reasons why Australia has to step up its efforts in order to achieve the net zero 2050 goal 

The report, apart from urging a 75% emissions reduction by 2035, also insists that establishing a clear carbon price, and ending all subsidies for fossil fuels by 2025 are necessary to unlock the investment necessary to achieve net zero emissions by 2050. The report has also cautioned that a delay in climate action could lead to a “disorderly and more costly transition to net zero emissions.” 

How the Queensland Government & Australia Post are Planning to Achieve their Net Zero Goals 

Queensland Plans to Build a “Super Grid” to End Its Reliance on Coal 

In what is seen as an unprecedented move, Queensland plans to end dependence on coal power by 2035 under a $62 billion 10-year energy plan to build a clean ‘super-grid’ of solar, wind and hydropower. 

The plan is to utilise the power of renewables (hydroelectric, wind, and solar) to help them transition from coal-fired power to renewables. Through this plan, the state government has committed to achieving two goals: by 2032, 70% of the state’s electricity will come from renewable sources, and by 2035 that figure will be 80%.

“It’s about changing the game. Action on climate change and our economy. We should act and be proud of it!” said Queensland’s Premier Annastacia Palaszczuk. 

Coal-fired power plants will be converted into clean energy centres and by 2035 the state will no longer rely on coal-fired power plants for electricity. Projections showed that after 2037, coal will provide no electricity at all.

Australia Post Unveils a Roadmap to Create a Sustainable Future

As mentioned earlier, Australia Post launched its 2025 Sustainability Roadmap recently and will undertake a comprehensive range of initiatives to reduce its scope 1, 2 and 3 emissions.

It should be noted that Australia Post owns the country’s largest fleet of electric delivery vehicles and its roadmap outlines a range of goals to create a sustainable future. The goals include:

  • Achieving net zero carbon emissions by 2050.
  • Reduce emissions by 15% by 2025 (FY19 base year).
  • Source 100% renewable energy by 2025.
  • 100% ‘fully sustainable’ packaging coverage by 2025, in line with national 2025 packaging goals.
  • Reduce landfill waste by 20% by 2025 (the base year 2019). 
  • Spend $100 million on social enterprises and indigenous suppliers by 2025.

How you can accelerate your net zero transition by creating a roadmap

At the first glance, achieving Net Zero can appear like a daunting task.

But it all starts (and ends) with a well-defined strategy and execution plan. The examples of Queensland Govt and Australia Post striving to accelerate their net zero goals by setting a clear pathway/creating a roadmap attest to this fact.

By collaborating with net zero experts like the 3E Group, you can design and implement a thorough Net Zero Roadmap that is specific to your organisation and sector.

While Net Zero Roadmaps are tailored for each organisation, they typically include the following components:

  • Portfolio analysis and benchmarking baseline emissions 
  • Determine the timeline and scope of emission targets 
  • Goals setting and milestone planning 
  • Evaluation of options to reduce emissions
  • Net zero strategy review and advice 
  • Project delivery and funding models 
  • Net zero tracking tools and reporting 

The 3E Group has committed itself to being Net Zero by 2024. We continue to rise above the challenges of decarbonising to meet our commitment to heed the government’s call to be Net Zero by 2050. Need clear strategies and solutions for your company’s net zero targets? Let the 3E Group help you find the best solutions for your organisation. Call us at 1300 557 764.

The article was published on October 10, 2022.

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