Daily preview and previous day wrap of the 7th Australasian Emissions Reduction Summit

Welcome again to your daily wrap up and next-day preview of the 7th Australasian Emissions Reduction Summit.

Today’s highlights

The Summit will be opened on our final day by Hon Angus Taylor Minister for Energy and Emissions Reduction. The Minister has generously agreed to maintain the CMI Summit tradition of a speech and then taking some questions – so have yours ready! CMI CEO John Connor will moderate this session.

We have a great lineup of State Ministers to share their achievements and aspirations and again, as is our tradition, the Opposition spokesperson Hon. Mark Butler will share his perspective.

In amongst that will be an announcement on next year’s Summit so stay tuned!

We’ll be addressed by key agency heads providing independent advice and/or implementing the Low Emissions Technology Roadmap and supporting the evolution of Australia’s carbon markets.

We’ll look over the horizon at trends in corporate and public  responsibility, activism, liability and litigation and work on Carbon Market Visions for 2030 and 2050.

There’s also a great workshop session, exhibition booths and networking  opportunities.

All Plenary and workshop sessions are recorded and all attendees will be given access to our Post-Summit Content Hub via our email to you next Monday.

Media highlights

The Summit continues to make news across the country – and beyond.
A few more ‘media hits’ are below.

UK Climate Champion Nigel Topping says Australia is at risk of losing the new economy race, in this Fairfax piece

China’s architect behind his country’s 2060 plan admits he was surprised his nation chose the stronger goal, in this AAP-syndicated story

The definition of “ambition” is debated in this article in The Fifth Estate

Christiana Figueres’s keynote remarks made it ‘across the ditch’ in this NZ news story, and were also incorporated into this Conversation article about threats to the Great Barrier Reef.

The Canberra Times published an editorial yesterday challenging the Federal government’s climate position, quoting Christiana’s comments on Kyoto carryover targets.

Investor Daily was one of multiple outlets reporting on Shayne Elliott’s response to his critics over ANZ’s climate lending policy

While RenewEconomy reported Telstra’s call for corporates to accept the responsibility for cutting emissions, rather than customers, and the AFR reported on Telstra’s plans to enter the energy market

Day 2 Wrap

The second day of the Emissions Reduction Summit focussed on nature-based solutions, green recovery from COVID-19 and carbon market developments both in Australia and overseas.

Panellists in the Australia’s Carbon Market Evolution session reflected that 2020 has seen a fundamental shift in corporate action, and use of markets. They concurred that market integrity and transparency are key enablers and help manage risk, and that providing customer choice on sustainable products is a cop-out for business as organisations should take responsibility and do this automatically, taking the burden off consumers.

In the Technology Pathways for Soil Carbon session the wok ahead for the  Soil Carbon Industry Taskforce, the recent initiative between the CMI and the Soil Carbon Industry Group, was discussed. There was also a call for business and government to learn from farmers and landholders about the practical implications of applied research and citizen science, which can inform method development.

In the Unlocking Consumer Potential with Carbon Neutral Certification session, participants heard there’s been a huge rise in interest around carbon neutral branding this year, despite COVID-19. Consumers see it as something they can participate in and a way of creating a ‘tribe’ around a brand. Offsetting was seen as critical to success, with brands aligning their offset programs with their values, location and activity.

The Implementing Article 6 session heard that natural climate solutions are going to become much more important for markets to engage with, so incentives should flow to the sectors where it is most needed.  The session on Carbon Capture & Storage recognised that the fastest growth of this technology is in the Americas, and the Regional Recovery session emphasised the need to look at a green economic recovery from the perspective of the many opportunities it can provide, particularly for Indigenous partnerships.

Day 2 ended with a stirring Christiana Figueres Oration from Dame Meg Taylor, Secretary-General of the Pacific Islands Forum.

“For Forum Island Countries, the situation is dire,” she said. “We need urgent, ambitious climate change action, at scale. Without this, we will lose our homes, our way of life, our well-being and our livelihoods…the commitment of Australian state governments to net zero carbon by 2050 is a win for humanity and we look forward to that same ambition at the federal level.”

And in a moment of peace, calm and tranquility, Fijian singer/songwriter Mia Kami closed the day’s proceedings with this heartfelt, melodic plea for commonsense to prevail.

As noted above, all Plenary and workshop sessions are recorded and all attendees will be given access to our Post-Summit Content Hub via our email to you next Monday.

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