Driving innovation insustainability reporting.Chair: Eszter Vitorino Füleky, Network Relations Manager,Global Reporting In...
Opportunities to reduce emissions in Australia& why it’s important to record the early moversPresentation to GRI conferenc...
Australia’s Government has committed to reduce emissions bybetween 5% and 25% below 2000 levels by 2020– yet emissions wil...
ClimateWorks’ Low Carbon Growth Plan identifies potential tomeet the 25% target … provided policies can stimulate this   2...
The carbon price package will make it more profitable to dothe lower cost activities … 2020 Australia GHG emissions reduct...
… and these already offer opportunities to save money foroperators of plants, infrastructure, buildings and vehicles      ...
Yet no national reporting system will capture these earlysuccess stories … creating risk of further future policy instabil...
ClimateWorks seeks to work with you to measure the hiddenpart of the story: the Activity and Drivers, not just TonnesWhy t...
This will help show us all what’s working and what’s not                                                                  ...
THANK YOUwww.climateworksaustralia.org
Upcoming SlideShare
Loading in …5
×

@GRIAusConf_Driving innovation in sustainability reporting - Anna Skarbek

374 views
334 views

Published on

Published in: Technology
0 Comments
0 Likes
Statistics
Notes
  • Be the first to comment

  • Be the first to like this

No Downloads
Views
Total views
374
On SlideShare
0
From Embeds
0
Number of Embeds
0
Actions
Shares
0
Downloads
6
Comments
0
Likes
0
Embeds 0
No embeds

No notes for slide

@GRIAusConf_Driving innovation in sustainability reporting - Anna Skarbek

  1. 1. Driving innovation insustainability reporting.Chair: Eszter Vitorino Füleky, Network Relations Manager,Global Reporting Initiative.Stephen Driscoll, Director Sustainability & Policy;Development Director rouse Hill, LandcomGeoff Miller, General Manager, Standard Business Reporting Division,Commonwealth TreasuryAnna Skarbek, executive Director Climate Works
  2. 2. Opportunities to reduce emissions in Australia& why it’s important to record the early moversPresentation to GRI conference, Melbourne27 March 2012Anna SkarbekExecutive Director, ClimateWorks Australiawww.climateworksaustralia.org
  3. 3. Australia’s Government has committed to reduce emissions bybetween 5% and 25% below 2000 levels by 2020– yet emissions will rise by 24% under Business-As-Usual Australian emissions of greenhouse gases Mt CO2e 700 690 Business-as-usual 650 159 MtCO2e needed to -5% +24% 600 reach the 5% target 558 2000 levels 550 Minimum national 531 emissions reduction target 500 272 MtCO2e needed to reach the 25% target -25% 450 Minimum recommended 418 emissions reduction by the scientist community 0 1990 2000 2010 2020 2SOURCE: Department of Climate Change (DCC), Australias emissions projections 2010, December 2010
  4. 4. ClimateWorks’ Low Carbon Growth Plan identifies potential tomeet the 25% target … provided policies can stimulate this 2020 Australia GHG emissions reduction investor cost curve Percent of total opportunity Power Buildings Cost to investors of GHG reduction, MtCO2e Industry Forestry Average cost, A$/tCO2e Transport Agriculture emissions reduction A$/tCO2e Economically attractive Moderate cost Higher cost 250 22% 61 Mt -$110 48% 131 Mt $12 29% 80 Mt $109 200 energy cleaner land power efficiency 150 100 50 0 0 50 100 150 200 250 -50 Emissions reduction potential MtCO2e per year -100 -150 5% 25% reduction reduction target target -400 3SOURCE: ClimateWorks Australia, Low Carbon Growth Plan for Australia
  5. 5. The carbon price package will make it more profitable to dothe lower cost activities … 2020 Australia GHG emissions reduction investor cost curve (from 2012 on) Non-price barrier burden Cost to investors of emissions reduction with carbon price Low to very low A$/tCO2e Medium High to very high 250 200 150 100 50 0 -50 0 50 100 150 200 250 Emissions reduction potential -100 MtCO2e per year -150 -200 -250 -300 -350 -400SOURCE: ClimateWorks Australia, Low Carbon Growth Plan for Australia; Australian Government, Securing a Clean Energy Future; 4 ClimateWorks Australia analysis
  6. 6. … and these already offer opportunities to save money foroperators of plants, infrastructure, buildings and vehicles Profitable energy efficiency opportunities2020 GHG emissions reduction investor cost curve in 2011 Other Cost to investors A$/tCO2e 200 $5 billion net annual savings1 are available to Australian 150 businesses and households though improved energy efficiency 100 50 0 0 80 160 240 -50 Abatement potential Reduced T&D losses MtCO2e -100 Operational improvements to existing coal plant thermal efficiency -150 Residential new builds Evidence of benefits: Mining energy efficiency -200 Other industry energy efficiency The Energy Efficiency Opportunity program (the EEO program) Operational improvements to existing mandates energy efficiency assessments and reporting by the 199 largest -250 gas plant thermal efficiency energy using businesses in Australia. The mid-cycle review was conducted Commercial retrofit lighting at the end of financial year 2008/09 after 3.5 years of operation. It found that: Residential lighting  The energy savings with a payback of 4 years or less identified amount to Commercial elevators and appliances a 7% reduction on business-as-usual energy use Commercial retrofit HVAC Commercial retrofit energy waste reduction  This corresponds to 93.1 PJ, or 2.4% of total Australian energy use in 2009 Residential appliances and electronics Petrol car and light commercial efficiency improvement  It represents $1 billion in net annual financial savings for those Diesel car and light commercial efficiency improvement companies1 Value of savings in 2020 from actions conducted in next 9 years, before the carbon price 5SOURCE: ClimateWorks analysis; DRET, Energy Efficiency Opportunities Program: Mid-Cycle Review, Dec. 2010
  7. 7. Yet no national reporting system will capture these earlysuccess stories … creating risk of further future policy instability Elements Reporting Impact A carbon price  Only top ~500 emitters require carbon permits  No trading in first three years Energy  Data will be collected from grant recipients efficiency  No reporting required from companies investing in energy efficiency unless in EEO Land  Activity will earn Carbon Farming Initiative credits (carbon farming)  Only 5% can be used in emissions trading scheme in first three years Cleaner power  Default carbon price ($23/t) is not likely to trigger new power supply investments  Maintenance and energy efficiency will improve carbon performance; no need to report this other than part of total NGERS or if receiving compensation payments 6SOURCE: Australian Government, Securing a Clean Energy Future; ClimateWorks Australia analysis
  8. 8. ClimateWorks seeks to work with you to measure the hiddenpart of the story: the Activity and Drivers, not just TonnesWhy track activity & drivers? Identify the early action of companies. When the Australian Outcomes Emissions Energy use carbon price begins, this will help assess its cost and effectiveness in the Activity Projects undertaken early years. There is currently a gap in measuring action by Projects businesses and individuals approvals Guide future in a comprehensive and Feasibility studies policy action by comparable way identifying lagging areas Economic which require attention. context Drivers Government Guide investment policies decisions by providing Barriers (eg. access to finance, skills) industry-specific information for efficient capital allocation before lagged aggregate data is available. 7
  9. 9. This will help show us all what’s working and what’s not Power Transport Forestry Industry Buildings Agriculture2020 Australia GHG emissions reduction investor cost curve (from 2012 on)Emissions reduction cost to an investorA$/tCO2e250200150 energy cleaner land power100 efficiency 50 0 0 50 100 150 200 250 -50 Emissions reduction potential MtCO2e per year-100-150-200 5% 25% reduction reduction target target-400 8SOURCE: ClimateWorks Australia, Low Carbon Growth Plan for Australia; Australian Government, Securing a Clean Energy Future; ClimateWorks analysis
  10. 10. THANK YOUwww.climateworksaustralia.org

×