Enabling industry net zero emissions goals
Since the Paris Climate Accord was signed in 2015 many major Australian business have set a goal to achieve Net Zero Emissions across their operations and, in some cases, including their impact on the wider economy – so-called Scope 3 emissions.
The motives behind corporate net zero emissions targets are varied – many businesses recognise the importance of emissions reduction for environmental and social sustainability, but reducing emissions is also important for the ongoing economic competitiveness of many industries and exports.
Reducing emissions intensity of products is also increasingly important for access to export markets. Along with access to national markets, carbon reduction will be increasingly important for access to international supply chains dominated by multinational companies. Businesses like BP, Shell, Total, Unilever, General Mills, Kellogg’s, Mars and Nestle are establishing ambitious net zero emissions goals, including goals that will require suppliers into those markets to report emissions intensity of products – and give priority to lowest emissions suppliers.
The question we now face is how we can equip Australian industry with the technology to meet this challenge while increasing productivity, competitiveness and economic growth?
We don’t have a lot of time, and we don’t have a lot of tools.
To help address this critical national challenge, CSIRO is working to develop and demonstrate the pathways required to achieve these goals.
This is not about research as usual. Rather, it is about accelerating the pace and scale at which we can tackle this challenge in collaboration with industry, government and partners across the research sector.
CSIRO’s support for net zero goals will pursue work in four key areas: development and demonstration of low emissions processes in agriculture and resource industries; negative emissions pathways such as land-based offsets; bio-carbon capture and storage and direct air capture; and community/workforce transition.
Scope 3 emissions goals for international supply chains mean that Australian producers who reduce their emissions will find it easier to access international markets.
Preparing for the future
Action on climate change is growing at a rapid pace across Australian industry, and CSIRO and our partners are helping Australia prepare for the future.
To hit critical emissions targets, we need a large-scale coordinated effort, linking government, industry and the research community.
We are actively engaging with partners to identify opportunities to develop and demonstrate pathways to net zero emissions and invite you to join us on the journey.