The project aims to design and establish the foundations for the Australian Industry Energy Transitions Initiative (ETI), which supports Australian industry to develop pathways and actions to help critical supply chains reduce their emissions .
The project focuses on five supply chains of steel, aluminium and bauxite, liquefied natural gas, other metals (such as lithium, copper and nickel), and chemicals including plastics, fertilisers and explosives.
These industries are:
- Large sources of emissions, accounting for one third of all global emissions,
- Technically challenging to decarbonise (hard-to-abate),
- Considered key exports or fundamental to the domestic economy.
Australian industry forms part of these globally emissions intensive supply chains and will play a critical role in reducing emissions in line with the goals of the Paris Agreement.
There is an opportunity to accelerate the capability of Australian industries to become major suppliers in a decarbonised global economy.
The project will:
- Convene leaders from industry and business, including securing participation from organisations across the key industry supply chains and in enabling energy, finance and investment sectors,
- Publish a report communicating the intent of the initiative as well as the feasibility and opportunity of net zero emissions supply chains,
- Develop a practical work program that outlines the approach to engagement, research, implementation and governance for the project,
- Develop an engagement strategy that brings together a network of industry stakeholders to shape and participate in the initiative,
- Develop a research methodology as the basis for ongoing work that will:
– create techno-economic pathways for industry to achieve net zero supply chains,
– identify the scale of challenge and opportunity for key sectors of Australian industry,
- Design implementation activities for the initiative including setting out an approach to identify and activate early action and demonstration projects,
- Establish a program management and governance framework for the initiative that will allow for flexibility and adaptability over the two-year initiative.
The project aims to:
- Establish well-informed scope, plans, budget and governance to successfully deliver the proposed full initiative,
- Identify and support a range of innovative technologies and processes that have the potential to create pathways to long term decarbonisation of the five industry supply chains.
The project will have a national focus, as well as a ‘subchapter’ on Western Australia, which has unique opportunities and challenges due to its dependence on mining and minerals processing.