Topic: Energy Encompassing fossil fuels, renewables, other sources and storage. 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 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 Companies’ Climate Ambition Contrasted By Lack Of Detailed Action Plans 18 October 2023 Climate Action 100+, the world’s largest investor engagement initiative on climate change, has released the latest round of company assessments against its newly updated Net Zero Company Benchmark, drawing on distinct analytical methodologies and datasets from public and self-disclosed data from companies. Buildings & InfrasctructureClimate Action 100+Corporate EngagementCorporate Engagement Working GroupDecarbonising the EconomyEnergyGovernance & DisclosureJust TransitionManufacturingMiningTransport Climate Action 100+ Summary Presentation of Global Company Assessments Briefing | Climate Action 100+ | 18 October 2023 The Climate Action 100+ Net Zero Company Benchmark evaluates the performance of some of the world’s largest corporate greenhouse gas emitters on their net zero transition, and against the initiative’s three high-level goals: emissions reduction, governance, and disclosure. Download Buildings & InfrasctructureClimate Action 100+Corporate EngagementCorporate Engagement Working GroupDecarbonising the EconomyEnergyGovernance & DisclosureJust TransitionManufacturingMiningTransport Climate Action 100+ 2023 Assessments of Heavy Emitting Companies’ Climate Progress Data File | Climate Action 100+ | 18 October 2023 Excel file of the full climate action 100 assessments of global companies against the benchmark.Download Buildings & InfrasctructureClimate Action 100+Corporate EngagementCorporate Engagement Working GroupDecarbonising the EconomyEnergyGovernance & DisclosureJust TransitionManufacturingMiningTransport Submission: Resilient and adaptive residential assets 5 October 2023 IGCCs submission to the Senate inquiry on residential electrification discusses demand-side investment opportunities via the aggregation of actively controlled Distributed Energy Resources (DERs). The submission considers how such scaled, orchestrated DER opportunities can reduce long-term electricity price inflation and create enduring social, employment, and health benefits for Australian families. AustraliaBuildings & InfrasctructureDecarbonising the EconomyEnergyEnergy Transition Working GroupJust TransitionPhysical Impacts & ResiliencePhysical Risk & Resilience Working GroupPolicy & AdvocacyPolicy & Advocacy Working Group Emissions-Intensive Asset Exits: A Universal Owner Perspective on Sales & Managed Closures Report | Kate Donnelly & Dr Ian Woods | 21 September 2023 This discussion paper explores a tension that arises when companies divest themselves from emissions-intensive assets: Such exits may reduce the transition risk associated with that particular asset, but overall systemic risk may be maintained, or even increase. It also identifies four broad areas in which investors can act to alleviateDownload Corporate EngagementCorporate Engagement Working GroupDecarbonising the EconomyEnergyInvestor PracticeJust TransitionManufacturingMining Submission: Unlocking electrification with privately leveraged capital 5 September 2023 IGCCs submission to the Department of Climate Change, Energy, the Environment and Water's (DCCEEW's) consultation on the Capacity Investment Scheme emphasises the importance of strategic policy to leverage private capital with public funds. The submission considers how the CIS fits within established policy at State/Territory and Federal levels, and where, as a relatively small scheme, it is of most value to de-risk emergent technologies needed to create a dynamic, future-proofed electricity market. AustraliaClimate Solutions & TechEnergyEnergy Transition Working GroupJust TransitionPolicy & AdvocacyPolicy & Advocacy Working Group Energy Sub-Working Group: potential policy priorities This post is members-only. Please sign in to view details. Sign in