The Investment Vision Framework is for low and low-middle income countries to direct investment towards transformational change. The framework can be used as a tool to support governments into defining long-term strategies (LTS) as part of the process to identifying how to unlock the flows of public and private funds to achieve the Paris Agreement.
The latest Net Zero Momentum Tracker report assesses the emissions-reductions commitments and activities of Australia’s 20 largest banks - based on the total value of their Australian assets and including those with the highest reported emissions.
Prepared by ClimateWorks with the Monash Sustainable Development Institute, the banking sector report is part of a series focusing on major sectors of the Australian economy as part of the Net Zero Momentum Tracker initiative. The Tracker is designed to bring together and evaluate climate action commitments in order to help the banking sector build momentum towards net zero emissions.
As investors and capital providers, banks are significant to Australia’s transition to a net zero emissions economy. The report found 85 per cent of the banks assessed are taking steps to reduce their investment and lending portfolio emissions, but that these commitments are not yet comprehensive or fully aligned with the Paris Climate Agreement goal of net zero emissions before 2050.
Despite many examples of innovative and sustainable land management practices, a barrier to broader adoption is the immaturity of tools and systems to enable adequate, consistent measurement of ‘natural capital’. These tools are a way to value the environment and integrate this value as part of land management, financial and policy decision-making.
The Natural Capital Roadmap seeks to enable sustainable land use transitions through the measurement and valuation of natural capital. The roadmap was developed in collaboration with our partners from the Queensland government and NAB. Significant stakeholder contributions were made by attendees at our workshops and Natural Capital Summit.
Sector-wide adoption of a net zero ambition is critical to achieving the global mandate to keep well below 20C whilst striving for 1.50C. The property sector’s influence on overall emissions is extensive. ClimateWorks’ latest report shows that key players in the property sector are laying the foundations to achieving net zero emissions by 2050.
The property sector report examines Property companies listed in the ASX200 and those required to report their emissions under the National Greenhouse and Energy Reporting Act 2007 (NGER Act). It is the first in a series focusing on key sectors of the Australian economy as part of the Net Zero Momentum Tracker initiative. It is designed to bring together and evaluate climate action commitments in order to help the property sector build momentum towards net zero emissions.
Các quốc gia bắt đầu phát triển những công nghệ các-bon thấp từ ngày hôm nay sẽ trở thành các nền kinh tế lớn trong tương lai. Để có thể cạnh tranh trong nền kinh tế các-bon thấp toàn cầu, Việt Nam đòi hỏi cần có một chiến lược công nghiệp xanh mạnh mẽ để củng cố các cơ hội đầy triển vọng. Và điều này bắt đầu bằng việc xác định các lĩnh vực và các ngành ưu tiên.
Agar Indonesia dapat menjadi kompetitif di perekonomian rendah karbon dunia, dibutuhkan strategi industri hijau yang kuat, yang dimulai dari identifikasi sektor prioritas.
Vietnam stands at an inflection point, primed to take advantage of strong policies and human and natural capital to build its competitive advantage in a low-carbon economy. Our analysis with Vivid Economics highlights how Vietnam is already a specialist in components required for smart grids and energy storage with promising opportunities in other technologies such as solar PV and wind power. A low-carbon industrial strategy can help realign Vietnam’s economy towards these increasingly profitable sectors and help maintain its high economic growth. If implemented, Vietnam stands to gain substantially from this strategy, with some estimates indicating savings of over US$23 billion to 2030. These savings are predicted to come from a renewables-led pathway where renewable energy generation capacity will quadruple in the same period.
Specialisation in green technologies such as solar photovoltaic and lighting can help the Philippines achieve an industrial strategy that is inclusive and innovation-led, propelling growth in green jobs and reaching energy security. Our research with Vivid Economics, highlights that the Philippines already has significant export strengths in solar PV and efficient lighting, with promising opportunities in geothermal and energy storage. For the Philippines to be competitive in the global low-carbon economy, it requires a robust low-carbon industrial strategy to consolidate these promising opportunities.
Indonesia can be competitive in the global low-carbon transition by taking advantage of key market opportunities in geothermal, energy storage and industrial efficiency. Our analysis with Vivid Economics highlights how a low-carbon industrial strategy can help realign Indonesia’s economy towards these increasingly profitable sectors and leverage their strengths to improve its position in the ‘green race’. Further, Indonesia should not delay its efforts to scale up low-carbon industries, given the benefits a low-carbon industrial strategy can deliver for economic diversification and growth.
In 2018 ClimateWorks Australia worked with local governments in Victoria to increase uptake of electric vehicles in their fleets. Electric vehicles will be vital in decarbonising the transport sector, to help Australia achieve net zero greenhouse gas emissions by 2050.
Working with the Municipal Association of Victoria (MAV) and the Electric Vehicle Council, ClimateWorks ran workshops and webinars to help local governments to better understand electric vehicles. These workshops also provided an opportunity for local governments already using electric vehicles to share their learnings. ClimateWorks also collected data on demand for electric vehicles across local government fleets, and liaised with electric vehicle manufacturers on vehicle pricing. This enabled the development of tailored advice for individual local governments comparing the total cost of electric vehicles with traditional petrol vehicles. Over 100 individuals from 43 different local governments across Victoria have engaged with the project. This report highlights key findings from the project and recommends further areas of work.
The ‘Zeroing in’ report summarises key ClimateWorks impacts over the 2017-18 period. Along with key reports including Tracking Progress, we delivered analysis for buildings, finance (climate scenario work), transport and energy, helped capacity build through education and launched several major new programs.
Built to Perform in Northern Australia: An industry led pathway to a zero carbon ready building code [PDF 1.43 MB]
Built to Perform in Northern Australia is an addendum to Built to Perform - An industry led pathway to a zero carbon ready building code, Trajectory Project published in July 2018. This Northern Australia report sets out potential energy performance targets in the National Construction Code specific to Queensland, Northern Territory and Northern Western Australia’s unique climates. The technical report can be downloaded from the ASBEC website here.