Climate smarts:The role of Australian companies in addressing climate change through technology
by Ross Thompson CEO, Greenbox Manufacturers across the Asia Pacific region – from Singapore to Sydney, Adelaide to Auckland – are central to decarbonisation. If Australia and its business ecosystem doesn’t ride the opportunity winds to its 2050 net zero target, don’t expect too much wealth and health to flow through the Australian economy in the years ahead. Current events and latest polls tell us that Federal and State Policies have taken too long to implement. Meanwhile, a majority in our households and the workplace are thinking ‘just get on with it.’ As the presidential election approaches in the US, should the Democratic Party keep its control, it is likely that significant investment into cleantech will continue off the back of President Biden’s administration signing into law the largest clean energy investments in America’s history. Add to this that the globally agreed target limit of 1.5C to avoid damaging climate change impacts was recently breached across an entire year for the first time, according to the European Union’s climate service, and it seems clear we need to take action – and soon. How we create and use technology is the biggest lever to manage climate change. The International Energy Agency estimates that 35% of the emissions cuts needed to meet 2050 climate goals will have to come from technologies not yet available. The window will close as governments and firms jostle for gamechanger tech in this great clean energy economy. Given the enormity of the task at hand to decarbonise Australia, there will always be pressing trade-offs as Australia looks to leverage its abundance of gas reserves as the transitional fuel towards its 2050 net zero targets (latest policy, backing gas until ‘2050 and beyond’). Aussie smarts should and must supply the inexorable demand created by the global transition to […]