Energy Transition Working Group We provide members with the space and strategic direction to influence government policy and regulation regarding renewable energy. The group’s goal is to help unlock policy settings that will give new renewables projects the appropriate scale and risk-return profiles for investors to confidently allocate capital. Factors will include the supply, demand and exit considerations that are impacting the transition to a zero-emissions electricity system and clean exports. The sub-group was spun out of the main policy and advocacy working group in June 2023 Chair Ian Leiblich Head of ESG, EG Contact Bethany Richards Policy Junior Analyst Email Bethany The Clean Energy Investment Landscape $52b Federal and State/Territory governments' allocation for the energy sector's transition $420b estimated private investment required to transition the National Electricity Market 6GW additional capacity required annually until 2035* *based on the least-cost national emissions pathway. Global Competition for Capital Our members are struggling to find Australian projects that meet the scale and risk-return profiles available in other markets. To help Australia become a more investable market we provide our members with a clear understanding of renewable energy supply-side opportunities across Federal and State/Territory jurisdictions. A Just Transition As we decarbonise our energy system, Australia has the opportunity to provide security for portfolios, communities and companies. This includes understanding Australia’s exposure, via the fossil fuel export industry, to global emissions-reduction efforts, and assisting emissions-intensive regions to diversify their economies. Our Areas of Focus Supply Investment opportunities may involve developing and integrating renewables into a dynamic grid and a coordinated approach to commissioning generators and batteries during the shift away from traditional constant supply. Demand Providing investors with ways to support efficient energy use, renewable energy certificates, and household energy upgrades. Exit Supporting a transition away from fossil fuels while maintaining energy supply and minimising transition risks in domestic electricity systems and global exports. Latest Energy Transition News, Resources, and Events Submission: Energy and Electricity Sector Plan to shape clean economy Submission | Bethany Richards | 24 April 2024 IGCC has long advocated for detailed sector by sector decarbonisation plans to support a least cost transition to net zero emissions. IGCC understands that these Sector Plans come at a time where a new 2035 Nationally Determined Contribution (NDC) will be set under the Paris Agreement. IGCC encourages the GovernmentDownload AustraliaDecarbonising the EconomyEnergyEnergy Transition Working GroupJust TransitionPolicy & AdvocacyPolicy & Advocacy Working Group Submission: Energy and Electricity Sector Plan to shape clean economy 24 April 2024 IGCC welcomes the release of the Electricity and Energy Sector Plan Discussion Paper and recognises it as an opportunity to shape a decarbonised economy for Australia, which necessitates a clean, renewable energy supply for the economy, homes, communities and industries. AustraliaDecarbonising the EconomyEnergyEnergy Transition Working GroupJust TransitionPolicy & AdvocacyPolicy & Advocacy Working Group Submission: Delivering cheap, clean energy for consumers and green industry Submission | Bethany Richards | 25 March 2024 IGCC welcomes the expansion as it will facilitate investment in new renewables projects, assisting the decarbonisation of households and grid-connected industry. Investment decisions made today will impact the design of a post-2030 electricity system. It is important for the Government to consider: How the merit assessment’s design may favour certain Download AustraliaClimate Solutions & TechDecarbonising the EconomyEnergyEnergy Transition Working GroupPolicy & AdvocacyPolicy & Advocacy Working Group Submission: Delivering cheap, clean energy for consumers and green industry 25 March 2024 The federal Government's Capacity Investment Scheme will now deliver 32GW of additional renewable energy to Australia's electricity markets. The delivery of this Scheme sets the country up to achieve its 82% renewable energy target by 2030. AustraliaDecarbonising the EconomyEnergyEnergy Transition Working GroupPhysical Impacts & ResiliencePolicy & AdvocacyPolicy & Advocacy Working Group Investor Sentiment Rallies on Australia’s Climate Policies 25 March 2024 New Data from Firms Managing $37 Trillion AustraliaClimate Solutions & TechEnergyEnergy Transition Working GroupGovernance & DisclosurePolicy & AdvocacyPolicy & Advocacy Working Group