Resource type: Submission
Submission: Levelling the playing field to support industry decarbonisation
Submission | Bethany Richards | 3 December 2024
While the Safeguard Mechanism continues to drive deeper emissions reductions, there will be a ‘green’ premium for some transformational technologies for some time. Ensuring that Australian industry has strong incentives to decarbonise on a level playing field with other jurisdictions is in the national interest. Download
Submission: Investor Front Door, Future Made in Australia
Submission | Bethany Richards | 4 October 2024
The front door will have the most impact if it works to deliver investments that are in alignment with the government’s Net Zero Australia Plan for a coordinated sectoral-based approach, and if it can unblock issues within planning processes that lead to unnecessary delays.
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Submission: Future Made in Australia Bill to accelerate the net zero transition
Submission | Bethany Richards | 18 July 2024
Recommendation 1. More clarity on how Community Benefit Principles will be measured when deciding whether to allocate financing.
Recommendation 2: That regardless which body provides financing, Community Benefit Principles are required to be considered.
Recommendation 3: That all projects receiving FMIA financing have access to the coordinating front door, connecting those executing the project with relevant entities for streamlining and innovation ecosystem development.
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Submission: Investible Plan for Green Metals
Submission | Bethany Richards | 18 July 2024
Key points:
The Investor Group on Climate Change welcomes the opportunity to provide a submission on accelerating investment in green metals industries, as part of the Future Made in Australia agenda. This submission will highlight barriers and opportunities for investors, and for green metals industries.
These include the following barriers:
- Green metals investments must offer the right risk-return profiles.
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Submission: Targets set the direction and pace of policy ambition
Submission | Erwin Jackson and Bethany Richards | 21 May 2024
- Social licence is a significant factor in the successful adoption and implementation of any future climate policy. To fulfil obligations under the Climate Change Authority Act, the Authority should recommend the Government allocate at least $10 million a year to the Authority to undertake meaningful public consultation and communication on matters relevant to its functions.
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Submission: Energy and Electricity Sector Plan to shape clean economy
Submission | Bethany Richards | 24 April 2024
IGCC has long advocated for detailed sector by sector decarbonisation plans to support a least cost transition to net zero emissions. IGCC understands that these Sector Plans come at a time where a new 2035 Nationally Determined Contribution (NDC) will be set under the Paris Agreement. IGCC encourages the Government to set a 1.5 degree-aligned 2035 NDC to anchor the Sector Plans, providing an orderly pathway to achieve its Net Zero by 2050 Plan.
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Submission: National Adaptation Plan to manage physical risks for economy
Submission | Kate Simmonds | 17 April 2024
The first National Adaptation Plan provides is an important opportunity to do this and should consider:
- Including a co-developed private finance strategy and plan.
- Aligning adaptation across government climate change activities.
- Facilitating public-private partnerships and developing frameworks to manage complex adaptation challenges.
- Developing and co-funding case studies for best practice private and public-private financing of adaptation and resilience.
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Submission: Delivering cheap, clean energy for consumers and green industry
Submission | Bethany Richards | 25 March 2024
IGCC welcomes the expansion as it will facilitate investment in new renewables projects, assisting the decarbonisation of households and grid-connected industry.
Investment decisions made today will impact the design of a post-2030 electricity system. It is important for the Government to consider:
- How the merit assessment’s design may favour certain technology types, and how this may impact the future design of the grids.
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Submission: Draft standard for climate reporting critical for attracting investment capital in Australia
Submission | Amy Quinton | March 1 2024
As major markets move to mandate climate-related financial disclosures, these new requirements will help Australia remain a competitive destination for investment capital.
These reforms are a natural evolution of Australia’s strong corporate governance framework to promote efficient and resilient markets.
IGCC’s Submission to Treasury’s consultation on Exposure Draft standard:
- Supports the direction of the legislation as a critical step towards internationally aligned climate-related financial risk disclosure requirements in Australia.
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Submission on Mandatory Climate Disclosures – Draft Legislation
Submission | Amy Quinton | 13 February 2024
Our submission supports the direction of the legislation and provides insights on where the legislation needs to be clearer, particularly reporting threshold criteria for investment institutions.
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