The Australian Renewable Energy Agency (ARENA) has provided $300,000 to ClimateWorks Australia to help establish the Australian Industry Energy Transitions Initiative (ETI).
The Australian Industry ETI will bring together key industry stakeholders to explore solutions to help reduce emissions across supply chains and increase long term competitiveness by transitioning to cleaner energy solutions.
BHP, Woodside, BP Australia, APA Group and Australian Gas Infrastructure Group (AGIG) are among the companies participating in the two year initiative, which combined account for 13.6 per cent of Australia’s industrial emissions.
ClimateWorks and its research partners have already undertaken preliminary research and will now work with industry participants to develop a practical program to fill research gaps, identify challenges and develop projects.
ARENA CEO Darren Miller welcomed the initiative’s role in uniting Australia’s key industry players as they work towards a common goal.
“Accelerating the uptake of renewable energy in the industrial sector is a critical part of helping Australia reduce our emissions,” said Mr Miller.
“Providing industry with information and insights on energy options such as renewables and alternative fuels will also help industry meet their market needs as global demand for low carbon products grows.
“This initiative has some ‘heavy hitters’ at the table and we’re expecting the collaboration will allow for the exchange of ideas and knowledge that will benefit across sectors and supply chains.”
Australian Industry ETI Chair Simon McKeon AO said collaboration, experimentation and shared knowledge will sit at the heart of the initiative and allow for the realisation of a decarbonised future.
For more information visit the ARENA website.
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