Australia, with 12.3% of its electricity generated by solar, is third highest worldwide, behind Chile (18%) and Honduras (12.5%) according to Energy Monitor. But we have the potential to gain further ground with many developments underway. These include a Queensland Gov plan to reach 70% renewable electricity by 2032 (see ABC announcement) and NSW establishing 5 Renewable Energy Zones (see Gov data below).
Combined with the earlier-than-expected closure of Loy Yang coal-fired Power Station in Victoria (currently providing 30% of electricity) - we are truly in a transition, but we still need a speed-up.
The Australian Climate Leaders Coalition (CLC) is a group of cross-sectoral Australian corporate CEOs supporting the Paris Agreement commitments and setting public decarbonisation targets. Its purpose is to provide a common voice on why big business is seeing decarbonisation as a way to ensure long term economic sustainability – and how they can have an impact and realise competitive advantage through early action in an apolitical and non-confrontational manner.The CLC is action orientated and provides an open, confidential and authentic forum for CEOs to share the challenges of their decarbonisation journeys....MOREhttps://www.climateleaders.org.au/about/
Climate tech has a critical role to play. Australia has a strong industry and has the opportunity to be a world leader. This festival brings together entrepreneurs, scientists, investors, customers and supporters to build the solutions the world needs.Find out why climate tech is the most important sector in the startup world. Why investment is flowing 5x faster than any other industry. Learn about the innovative ways these founders are solving the biggest challenge of our time.DETAILSDec 7, 2022, 12-8pmAustralian National Maritime Museum, Darling Harbour, SydneyTO BOOKhttps://events.humanitix.com/climate-tech-festival
The Good: Loss and damage gets a dedicated fundThe Bad: No sunset for oil and gas with a pushback from Saudi Arabia and other major oil and gas exporters - can this be resolved in Dubai at COP28???However: China’s top climate diplomat Xie Zhenhua announced that his country, the world’s top methane
emitter, is cooking up a national strategy for curbing methane emissions - this is a significant step.The Ugly: News from CSIRO saying we have already reached 1.47deg warmingAnd Maybe: COP31 in Australia - and we'll be over 1.5deg by then?https://qz.com/emails/cop27/1849803425/cop27-the-good-the-bad-and-the-vaguely