The low emissions technology investment roadmap

On 22 September, the Minister for Energy and Emissions Reduction released the first Low Emissions Technology Statement (the Technology Statement). The document clearly shows the Government is moving away from subsidising wind and solar as the technology matures, and looks to support new and emerging technologies that will lower emissions in Australia. According to the Minister, the Technology Statement also focuses on reducing cost and creating jobs. 

Key risks for the industry in 2021

As 2020 draws to a close, industry is looking to the year ahead. EY's 2021 report on the risks in mining and metals reflects the turbulent changes of the past year. Volatility is new to the list, while the COVID-19 pandemic continues to inform the way industry leaders are approaching established risks around climate and license to operate.

Government support for a gas-led COVID-19 recovery

Prime Minister Scott Morrison recently announced a gas-led recovery to the economic recession brought on by the COVID-19 pandemic. A key part of the government’s JobMaker plan, the government expects the industry to create over 4,000 jobs.

Climate change action is being driven by business and industry

While everyone’s focus in recent months has been on the COVID-19 pandemic, climate change was top of everyone’s mind when the year began with bushfires ravaging Australia. The pandemic has seen individuals and organisations assess their ideologies and perspectives on a range of topics, climate change being one of them. It now seems that climate change is back on everyone’s agenda and none more so than business and industry.

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What is concerning mining and metals industry executives today?

Recent surveys conducted in the mining and metals industry sector indicate that climate change, price volatility and the risk of a global depression are the top concerns for executives.

The KMPG Mining Risk Forecast 2020/21 Report nominates climate change and price risks as top-of-mind for executives while a mid-year survey by White & Case found that the fear of a global recession was the most common concern amongst those surveyed. It’s worth noting that the KMPG survey was conducted before the COVID-19 pandemic. However, the concerns raised have ongoing relevance both now and into the future.

Implications of the Interim report on Commonwealth environmental protection laws

Professor Graeme Samuel recently released his Interim Report of the Independent Review of the Environment Protection and Biodiversity Conservation Act 1999 (the EPBC Act). The report is highly critical of the EPBC Act, reporting that it neither ensures effective environmental and biodiversity protections nor efficiently regulates business.

In the report, Professor Samuel makes several recommendations, some of which have already become priority areas for the government. These have significant implications for the energy and resources industry. 

Lunch and Learn 2020 launches in October: Annual Conference postponed

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