CEDA - Committee for Economic Development of Australia’s Post

The UK's Green Renewal: A Positive Step Forward for UK Sustainability! The past few weeks have seen significant developments in the UK government's sustainability agenda. Ed Miliband - architect of the UK #ClimateChangeAct 2008 - returns as Secretary of State for the Department for Energy Security and Net Zero which signals a renewed focus on achieving clean energy by 2030 and a renewed desire for UK #sustainability leadership. Here are some key initiatives announced over the past fortnight: • #MissionControl: Led by Chris Stark (previously CEO of the Climate Change Committee, established under the Climate Change Act 2008), this initiative aims to turbocharge the government’s mission to provide Britain with cheaper and clean power by 2030. • #OnshoreWind & #Solar Initiatives: The lifting of the onshore wind ban, coupled with the launch of an Onshore Wind Industry Taskforce and a revamped Solar Taskforce, along with expected roadmaps, signifies a multi-pronged approach to renewable energy. • #GreatBritishEnergy Bill: This bill proposes a publicly owned energy company to invest in renewable projects, particularly offshore wind, promoting energy security, lower bills, and climate action. • #Planning and #Infrastructure Bill: This bill expedites the development of sustainable infrastructure, benefiting both the environment and the economy. • #NationalWealthFund Bill: This bill seeks to establish a National Wealth Fund that would direct investments towards clean energy, fostering innovation and economic growth. • #SustainableAviationFuel Bill: This bill supports the development of cleaner aviation fuels for a more sustainable aviation industry. • #WaterBill: This bill empowers regulators and incentivises water companies to prioritise environmental protection in water management. • Fossil Fuel Review: The government's review and possible reversal of recently issued coal and oil licenses demonstrates its commitment to a clean energy future. These advancements are positive steps towards a more sustainable future. Let's keep the momentum going and ensure these initiatives translate into tangible results in the UK and leadership we can export!  #UKsustainability #CleanEnergy #GreenJobs Who else is excited about the UK's renewed focus on sustainability? Share your thoughts in the comments below! Photo by Ming Jun Tan on Unsplash

Lagarde keeps on task. Agree?

"New Energies = New Opportunities" And New Government Starting the day with the Labour Party winning the election and Sir Keir Starmer has been handed the keys to Downing Street. With the magical winning word ‘CHANGE’, the focus should be on the trio towards development and change Energy transition + Digital transformation + skills of the future. For energy transition, the party must now prove it is ready to deliver on and fully invest in the energy transition A call for a national energy transition strategy, a call for serious climate actions and pushing to work collaboratively to attract green investors to help deliver a sustainable future. The private sector should lead the change!

Investment in carbon-capture should be a priority! We knew that REs alone will not be able to win the race! Perhaps the most problematic part of the transition situation right now is that there is little that governments can do to turn things around. They can certainly ease permitting regulations to enable more wind and solar construction—until opposition from local communities begins mounting, and it will because these installations will be encroaching on farmland. They can certainly keep subsidizing EV makers, but only up to a point. Some, such as Germany, have already reached that point, and subsidies are being axed just like guaranteed minimum electricity prices. Subsidizing loss-making enterprises can only last a while, but not forever.

Since joining PA, one of the things that stands out most to me is just how many amazing, insightful, thought-provoking colleagues there are around me, all striving for a more positive human future. This article by Kim McCann and Karthik Ponniah is a fantastic read about how UK is in pole position to lead on the global energy transition. They highlight not just the challenges but the immense opportunities to build a more prosperous and equitable society through innovative energy solutions.    Interested in Climate and Sustainability, like me? A highly recommended read.   https://bit.ly/3VOAErX   #TenShapeTen

More money into ClimateTech??!! 🤑 🤑 At last year's Climate Salad Festival, Sophie Purdom from Sightline Climate (CTVC) highlighted the positive correlation between America's '$3.5T climate triple whammy' of public policy (led by the $370B Inflation Reduction Act) and the substantial growth of ClimateTech innovation in the country. 🌿 Can and will Australia do the same? 🇦🇺 The federal government has signalled its intention to emulate America's efforts to drive the domestic development of climate technologies in Australia. While Prime Minister Albanese's commitment to prioritise this initiative is commendable and represents a positive step forward, there are still some unanswered questions. 3 things to consider: 🤝 Australia holds massive potential to emerge as a renewable energy superpower, but will the government honour its commitment? ⏳ It may take some time before a comprehensive renewables industry package is implemented, so how long until we actually see it take effect? ⛽ Despite the push for renewable energy, Australia still relies heavily on mining while new oil and gas projects continue to be approved. Doesn't this feel oxymoronic? I'd love to hear from others in the comments - are we seeing a positive shift in climate public policy or is this merely a facade? 🤔 #climatetech #climatepolicy #climateinvestment

During the SuperReturn Energy Transition event, Alexander Romanishyn, Strategy Director at Razom We Stand, discussed important aspects of energy transition and investment opportunities. The panel emphasized the EU's strategy to achieve ambitious climate targets by utilizing public funds, carbon pricing, regulations, and private capital. Key panel highlights include: - EU aims to meet these ambitious targets through leveraging a combination of public funds, carbon pricing, regulations and private capital. And as exmapes provide some numbers: - 37% of the €672.5 billion Recovery and Resilience Facility under Next Generation EU is being spent on climate-related objectives. - Horizon Europe has a budget of €95.5 billion for 2021-2027, with 35% earmarked for climate action - Economic savings from reducing expenditure on fossil fuel imports, estimated at around €2.8 trillion from 2031-2050 under the 90% emissions reduction target - Potential funds freed up by divesting from Russian fossil fuel investments, promoting strategic autonomy. The total investments by financial institutions in Russian fossil fuel companies amounted to around $26 billion - The European Commission has established a €50 billion Ukraine Facility. Notably, 20% of Pillar 1 and 2 is earmarked for green projects, providing a substantial boost to sustainable development in Ukraine's recovery and reconstruction. Isabella da Costa Mendes Tove Larsson Matt Cunning

Local Area Energy Plans and the pathways to accelerating net zero, how do we tackle the challenges to make real impact? Register to join our panel event hosted by online or in person (in Leeds) on 22nd May to discuss this topic and have a read of the article linked below. #LAEP #netzero #decarbonisation

#TotalEnergies ambition is to be a major actor in energy transition and to be a reference with regard to commitments to the 17 Sustainable Development Goals (2015-2030). #SustainableProcurementRoadmap #Pioneersfor100Years

Exploring the UK's Net Zero Ambitions: What does it mean for the Government, Industry, Society, and Individuals! The Rt Hon Ed Miliband, Secretary of State for Department for Energy Security and Net Zero, outlined his priorities for the department in a message to staff following his appointment on July 5, 2024. He emphasized that the Department will be at the forefront of the new government’s agenda, spearheading one of the Prime Minister’s five national missions: transforming #Britain into a clean energy superpower with zero-carbon electricity by 2030 and accelerating our journey to Net Zero. Read his full message here- https://lnkd.in/eMcEiYeX The UK government has set ambitious #NetZero targets, aiming to drastically reduce greenhouse gas emissions by 2050. While the government will play a pivotal role in setting policies and regulations that drive the transition to a Net Zero economy. It is equally important for us to consider how we can leverage technology responsibly and how #AI can support us on this journey. The implications for industries and everyday lives are profound, collaboration across sectors is crucial in developing new fields of expertise and advancing the Net Zero agenda. The journey to Net Zero is a collective effort that requires action from all sectors of society. How are you preparing for this transformative shift? Let’s connect and explore how we can contribute to these ambitious goals together! ✉️ Get in touch: info@rai.ac.uk Sarvapali (Gopal) Ramchurn Gina Neff, Ph.D. Joel Fischer Sana Khareghani Elvira Perez Vallejos Prokar Dasgupta OBE Caitlin Bentley Muffy Calder Wendy Hall Matt Jones Tom Rodden Angela W. Ben Coomber Shoaib Ehsan UK Research and Innovation University of Southampton University of Nottingham Horizon Digital Economy Research #ResponsibleAI #NetZeroweek #AIforNetZero #AIforSustainability #FutureOfWork #UKNetZero #IndustryInnovation #UK #CleanEnergy