Green Energy for the Green Economy
2022 was a breakthrough year in Australia-China bi-lateral relations with ACBC-led conversations on collaboration on the Green Economy delivering on the “INSIGHTS” aspect of our Green Channel initiative.
In 2023 we move into “ACTION” mode.
Our 2022 “Collaborations” Report, highlighted the economic opportunities from greater collaboration with China in the Energy, Mining, Transport, Built Environment, Finance and Food/ Agriculture sectors.
With assistance from the National Foundation for Australia China Relations, we have taken some of these insights into the inter-webs via our Podcast series.
In addition to our Report release and briefings in Canberra, we also held a number of Roundtables and Industry Forums across the country to bring into focus the economic opportunities from greater collaboration with China on Climate issues within the context of our traditional trade and investment landscape. With insightful open contributions from our partners in mainland China, ACBC uncovered for many Australian businesses new areas of consideration in Australia’s green economic future.
With much of the recent narrative led by Defence and Security interests, ACBC seeks to balance Australia’s strategic discussions on our economic prosperity with fresh insights on the new China. A country with public global commitments to Peak Carbon by 2030 and to be Net Zero by 2035.
What will Australia’s role be in this?
When ‘supply chain risks’ are looked at more from the context of the scale of the industrial transformation challenge ahead and a need for speed in delivery, Australia’s natural resource strengths can be seen as a competitive advantage in building our economy to participate in a stronger value-adding ecosystem.
Australia has a role to play in the global supply of green steel, PV, EV’s, batteries, and hydrogen.
And if you wanted to build a factory fast, that has demonstrated the greatest capacity in balancing supply and demand to deliver transformational economies-of-scale that have only accelerated the green economy transition.
But there is still so much more needing to be done.
With our strong historical bilateral trade and investment relationship Australia is well positioned to benefit from the huge investments in renewable generation and industrial decarbonisation required to achieve the International Energy Agency’s Net Zero Economy agenda. As Tianqi Lithium’s Australian investment (AU$1B) in the nascent lithium processing industry has demonstrated. A little industry knowledge and load of capital goes a long way to transform Australia’s economic prospects in the Green Economy.
There are many more areas of collaboration to drive new outcomes at the pace required.
Australia China Collaborations on Climate projects database
To support these collaboration initiatives ACBC has curated a “Collaborations Map” and we are inviting ANY businesses in Australia that is active with projects with Chinese partners to achieve Net Zero outcomes to submit their project for listing.
We’re excited by the prospect of building up this collection of projects, and welcome you to forward and circulate the initiative through your networks to build up on this important resource. www.acbcgreenchannel.com
Green Channel Action in 2023
Our partnership/ MOU with the Association of Green Industrial Parks in China is bringing some exciting new knowledge to our Green Channel platform. Their member Parks in key Provinces provide a gateway for state/territory-based engagement with credible green industry players.
A CleanTech competition will be held in 2023 with commercialisation support for Australian tech.
Planning is well underway for our first outbound delegation to mainland China and Hong Kong SAR to visit key sites and receive industry development briefings from local and international participants in China’s new Green Economy.
Our ACBC+ANU Decarbonisation roundtables continue through to 2024. Our next one takes place in Adelaide on the 19th April.
We welcome you to reach out to share with us how you can assist us to achieve net zero faster, together.
ACBC National Board Member
Chair, Net Zero Working Group