Transition to a low emissions economy presents growth opportunity for Australia
31st May 2019
Brisbane Friday 31 May 2019: International leaders from industry, government, academia and the private sector have heard of the urgency of addressing rising emissions whilst learning of the opportunities the transition to a low emissions economy presents.
Speaking at the APAC CCS Forum, Brad Page CEO of event organiser the Global CCS Institute, told more than 100 delegates that addressing climate change is urgent, necessary and will require all technologies – including CCS – to be deployed at scale and at a much faster rate than is currently happening.
“Multiple independent and credible bodies have concluded that to achieve global climate change targets in the time frame required, all technologies are needed, and that CCS is the only likely solution for hard to decarbonise industries such as steel, cement and fertiliser manufacturing.
Mr Page highlighted the positive outcomes of a low emissions transition, and the opportunities CCS presents Australia’s communities, regions and the economy as a whole.
“The versatility of CCS to deliver deep emissions reductions across the power, industrial and transportation sectors, as well as presenting an enormous opportunity for the creation of a new low emissions economy, is a great strength of the technology.
“CCS leads to economic growth, it sustains communities and creates vital new jobs for regional areas. It also has a major role to play in the just transition for workers currently employed in the energy and industrial sector and preventing the early retirement of productive assets.
“There is no doubt Australia’s energy transition will be disruptive. However, it can also be a growth story. With an enabling policy framework and increased investment, we will achieve deep emissions reductions while enriching and preserving jobs and communities; including in fossil fuel resource regions”, said Mr Page.
Speakers at the Forum included representatives from the Australian and Victorian governments, UniSuper, Japan Bank for International Cooperation, Santos, Kawasaki Heavy Industries, China Baowu Steel Group and the CO2CRC.
Currently, there are forty-three (43) large-scale CCS facilities – 18 commercially, five under construction and 20 in various stages of development. Australia’s first CCS facility, Gorgon, is due to come onstream this year.
Lucy Temple-Smith (Melbourne): +61 466 982 068 email@example.com