Market: Australia

Submission: Investors welcome Sustainable Finance Strategy to unlock capital and manage systemic risk

12 December 2023

Institutional investors welcome an Australian sustainable finance strategy to support unlocking capital into the economy and to address systemic risk. 
AustraliaGovernance & DisclosurePolicy & AdvocacyPolicy & Advocacy Working Group

Submission: Climate Active reforms increase rigour of voluntary climate action

11 December 2023

IGCC welcomes the objectives of proposed reforms to the Climate Active program, which aim to set a credible benchmark for voluntary climate action.
AustraliaClimate Action 100+Corporate EngagementCorporate Engagement Working GroupGovernance & DisclosurePolicy & AdvocacyPolicy & Advocacy Working Group

Joint Statement: Australia’s Superpower Opportunity

27 November 2023

The Federal Government is currently considering major decisions on a renewable superpower strategy. Our organisations agree that the global transition to net zero emissions can provide substantial and broadly shared economic and jobs opportunities for Australia, while preventing the worst impacts of climate change.
AustraliaDecarbonising the EconomyEnergyPolicy & Advocacy

Energy Markets and An Expansion of the Capacity Investment Scheme

22 November 2023

The Australian Government recently announced an expansion of the Capacity Investment Scheme, which is intended to underwrite new renewable energy generation and storage. The expansion brings the total size to an offer of 32GW capacity.
AustraliaEnergyPolicy & AdvocacyPolicy & Advocacy Working Group

Submission: Strategic phase out of fossil fuels for future-proofed green industries

21 November 2023

To maintain and attract capital for Australia’s transition to net zero emissions, actions in different sectors must add up to and be consistent with the Government’s stated policy objective of limiting climate change damages above 1.5oC. The Future Gas Strategy should be aligned with this objective and be embedded within a credible set of sector decarbonisation plans. 
AustraliaEnergyEnergy Transition Working GroupJust TransitionPolicy & Advocacy

Energy Sub Working Group Meeting

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Submission: Market drivers to reward renewable electricity

2 November 2023

IGCCs submission to the Federal Government’s consultation on an Australia’s Renewable Energy Guarantee of Origin (REGO) scheme focuses on providing investment certainty for the creation of renewable energy certificates beyond 2030. With the decarbonisation of the electricity sector over the next 10-15 years central to Australia achieving net-zero emissions by 2050, the evolution of renewable energy certificates is essential to aligning demand with supply and creating the incentive structures for renewable energy growth in Australia.
AustraliaClimate Solutions & TechDecarbonising the EconomyEnergyEnergy Transition Working GroupPolicy & AdvocacyPolicy & Advocacy Working Group

Investable Sector Climate Plans Are Crucial to Clean Energy Competitiveness

2 November 2023

Right now the Australian government is developing climate plans for the economy's most important sectors. This new paper discusses how to make those plans investable.
AustraliaCorporate EngagementDecarbonising the EconomyPolicy & AdvocacyPolicy & Advocacy Working Group