CMI Summit Day 2: Summit sparks ideas boom on the path to Net Zero

A ‘grand coalition’ of leaders from business, government and civil society has come together to spark an ideas boom on the path to net-zero and beyond at this week’s 8th annual Carbon Market Institute Australasian Emissions Reduction Summit. The Summit was CMI’s biggest ever, with over 1000 delegates. 

The two day program, which wrapped today, featured 100+ changemakers engaging in vibrant policy conversation as they shape our era-defining economic transition – global climate leaders, decision makers from the world’s biggest resource companies and banks, business innovators, investors, First Nations elders, senior government and political figures, agricultural sector leaders, and representatives from across the conservation movement and civil society.

Participants heard today from keynotes including Minister for Industry, Energy and Emissions Reduction Angus Taylor, and Shadow Minister for Climate Change and Energy, Chris Bowen.

This followed a blockbuster day one, kicked off by CEO of the European Climate Foundation Laurence Tubiana, NSW Treasurer and Minister for energy and the environment, Matt Kean, and Fijian Prime Minister Frank Bainimarama, who were joined by leaders from across the economy and society. 

If you missed the conversation, a range of transcripts, media releases with content from talks, videos and images is available here

Videos of all sessions are available on our Virtual Hub – register free at any time. To access videos, click the ‘All Sessions’ tab at the top, click on the link to the session you want to view, and hit ‘Replay’.

Quotes are attributable to speakers as indicated below:

Chris Bowen, Shadow Minister for Climate Change & Energy

“Labor understands & supports the huge potential of carbon markets. This sector puts the ‘net’ in net zero. For emissions that are too difficult or expensive to reduce, offsets will be crucial to achieving our 2050 goal.”

Hon. Angus Taylor MP, Minister for Energy & Emissions Reductions

“The Government is investing $10.4 million to modernise Climate Active & expand the range of certifications on offer. There are now more than 400 Climate Active certifications across over 280 businesses – including CMI.”

Tim Reed, President, Business Council of Australia 

“Between now & 2030 there’s lots of low hanging fruit, i.e. switching to renewables in off-grid facilities, commercially viable technology. We need to invest in R&D, mature the offset market.”

Mara Bun, Chair, Australian Impact Investments 

“Agriculture as an asset class in Australia is very risky, as we have such unpredictable weather. Big Tech is coming into the race, using data, unlocking finance,”

Kate Mackenzie, Fellow, Centre for Policy Development 

“The industry is really conscious that signaling commitments to align to 1.5C are not good enough, these commitments must be backed by timelines, deadlines. Greenwashing is a big problem,” 

William Lin, Executive Vice President, Regions, Cities & Solutions, BP 

“Australia is well-placed to be a big player in renewable energy due to its access to abundant sources of wind and solar plus the land resources to further develop natural climate solutions and carbon offsets as well as carbon capture and storage.”

Kelly O’Shanassy, CEO, Australian Conservation Foundation

“Be prepared for not having Net Zero by 2050. It will be closer to 2040 or 2035. We are not shifting goal posts, we are listening to science,”

Louisa Kiely, Director, Carbon Farmers of Australia

“I would like to see the methods become less complex, less legalistic and more internationally relevant,”

Mladen Kovac. Director, Centre for Advanced Analytics & Economics, NSW DPIE 

“There’s a lot of money out there, but it’s not flowing in a well organised fashion,” 

Grant King, Chair, Climate Change Authority 

“The path to net zero has to happen on a massive scale. An absolutely massive scale. We need to go as fast as we can, as far as we can, as soon as we can.” 

“We have a supply problem, we need to increase supply. Our focus needs to shift from what to do, to implementation. It’s all in the implementation.”

Quotes from Day 1 speakers are available here.

For further information and to arrange interviews with CMI CEO John Connor and Summit speakers: Thomas Hann on 0408 880 536.

The Carbon Market Institute is the independent industry association for business leading the transition to net zero emissions. Its over 120 members include primary producers, carbon project developers, Indigenous corporations, legal and advisory services, insurers, banks and emission intensive industries developing decarbonisation and offset strategies.

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