Energy Transition Working Group We provide members with the space and strategic direction to influence government policy and regulation regarding renewable energy. The group’s goal is to help unlock policy settings that will give new renewables projects the appropriate scale and risk-return profiles for investors to confidently allocate capital. Factors will include the supply, demand and exit considerations that are impacting the transition to a zero-emissions electricity system and clean exports. The sub-group was spun out of the main policy and advocacy working group in June 2023 Chair Ian Leiblich Head of ESG, EG Contact Bethany Richards Policy Junior Analyst Email Bethany The Clean Energy Investment Landscape $52b Federal and State/Territory governments' allocation for the energy sector's transition $420b estimated private investment required to transition the National Electricity Market 6GW additional capacity required annually until 2035* *based on the least-cost national emissions pathway. Global Competition for Capital Our members are struggling to find Australian projects that meet the scale and risk-return profiles available in other markets. To help Australia become a more investable market we provide our members with a clear understanding of renewable energy supply-side opportunities across Federal and State/Territory jurisdictions. A Just Transition As we decarbonise our energy system, Australia has the opportunity to provide security for portfolios, communities and companies. This includes understanding Australia’s exposure, via the fossil fuel export industry, to global emissions-reduction efforts, and assisting emissions-intensive regions to diversify their economies. Our Areas of Focus Supply Investment opportunities may involve developing and integrating renewables into a dynamic grid and a coordinated approach to commissioning generators and batteries during the shift away from traditional constant supply. Demand Providing investors with ways to support efficient energy use, renewable energy certificates, and household energy upgrades. Exit Supporting a transition away from fossil fuels while maintaining energy supply and minimising transition risks in domestic electricity systems and global exports. Latest Energy Transition News, Resources, and Events Submission: Investible Plan for Green Metals 18 July 2024 IGCC supports the Future Made in Australia agenda which DISR is consulting on in relation to green metals investment. Good community and workforce outcomes are critical elements of secure industries, and supporting innovation across the capital stack will generate a pipeline of investible opportunities for institutional investors to provide patient capital towards. Mass deployment of renewable energy to support green metals industries is essential. AustraliaDecarbonising the EconomyEnergy Transition Working GroupMiningPolicy & AdvocacyPolicy & Advocacy Working Group 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:Download AustraliaDecarbonising the EconomyEnergy Transition Working GroupMiningPolicy & AdvocacyPolicy & Advocacy Working Group Joint Statement On The Need For Climate And Energy Policy Certainty 18 July 2024 Eighteen diverse industry and environment bodies, including AI Group, the National Farmers Federation, the Australian Steel Council, and the Investor Group on Climate Change, have issued this joint statement. AustraliaEnergy Transition Working GroupPolicy & AdvocacyPolicy & Advocacy Working Group Statement on Australia’s 2030 Emissions Target 11 June 2024 Our statement on Australia's 2030 emissions target. AustraliaEnergy Transition Working GroupPolicy & AdvocacyPolicy & Advocacy Working Group Submission: Targets set the direction and pace of policy ambition Submission | Erwin Jackson and Bethany Richards | 21 May 2024 Key points 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 Download AustraliaDecarbonising the EconomyEnergy Transition Working GroupPolicy & AdvocacyPolicy & Advocacy Working Group