The Department of Environment, Land, Water and Planning (DELWP) – on behalf of the Victorian Government – is pleased to be a Platinum Sponsor of the Carbon Market Institute’s 5th Australasian Emissions Reduction Summit. The Summit plays a valuable role in bringing together leading businesses and governments to discuss the challenges and opportunities in accomplishing the transition to a thriving low carbon economy.
The Victorian Government is committed to delivering strong and enduring action on climate change that is in the interests of the Victorian community and provides business with the certainty needed to invest in a clean, low carbon future.
Victoria’s world leading Climate Change Act 2017 lays the foundations for achieving a net zero greenhouse gas emissions, climate-resilient community and economy. The Act includes a target of net zero emissions by 2050 and – consistent with the approach of the Paris Agreement – requires five-yearly interim targets and strategies to keep the state on the path to meeting this target. As a first step, the Government has set a target to reduce Victoria’s emissions by 15-20 per cent below 2005 levels by 2020.
Leading by example, the Government will reduce emissions from the operations of its own departments by 30 per cent below 2015 levels by 2020. This commitment forms part of Victoria’s TAKE2 pledge program – an initiative through which local governments, businesses and the community make voluntary commitments to reduce emissions and help Victoria play its part in limiting global warming to well below 2oC.
The energy sector accounts for more than three quarters of Victoria’s total emissions. Transitioning to a clean electricity supply and increasing the energy efficiency are, therefore, key pillars of the state’s efforts to reduce emissions.
In 2017, the Government legislated renewable energy generation targets of 25 per cent by 2020 and 40 per cent by 2025. This will cut average annual power costs for medium-sized businesses by $2,500 and for large companies by $140,000 and reduce Victoria’s electricity sector emissions by 16 per cent between 2019/20 and 2034/35. The 2017 Energy Efficiency and Productivity Strategy is a $55.1 million plan to improve energy efficiency and productivity across the state – it includes $6.1 million for grants and advice for businesses seeking to improve energy efficiency and reduce energy costs; $1.7 million to increase the uptake of finance for energy efficiency and renewable energy investments; $2 million to improve energy productivity strategies for priority industry sectors, and improve industry skill and capability; and $1.8 million to deliver energy efficiency improvements to 50 targeted poorly-performing commercial buildings.
DELWP will have an Exhibition Booth at the Summit and officers would welcome the opportunity to discuss Victoria’s climate change and energy initiatives with you. DELWP is hosting a workshop on Day 2 of the Summit with a focus on business opportunities arising from state government climate change action. Attendees will have the opportunity to discuss how government climate change policies and programs can create opportunities for business and what further steps in this direction would be beneficial.
We look forward to hosting DELWP at the Summit – make sure to engage with them, and share knowledge and experiences on how business and government can work together to achieve a prosperous and thriving low-carbon community and economy.
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