EVENT RECORDING | Transition to Net Zero
Global Compact Network Australia | November 6, 2020
Over 130 financial institutions globally have announced exit dates from financing, investing in or insuring thermal coal. Almost 1000 businesses have set or committed to set targets aligned with the Paris Agreement under the Science Based Targets initiative (SBTi).
The question is no longer ‘if’ there will be a transition from coal to renewable energy but ‘when’ and ‘how’.
For coal producing countries such as Australia, the challenge is how to avoid a ‘disruptive’ transition that results in job losses, stagnant wages and stranded assets and instead capitalise on the social and new economic opportunities that will emerge for businesses and their communities.
This recording features a discussion that addresses the role that the Australian corporate sector and financial institutions can play in the transition to a net zero economy and how organisations can best respond to the economic and social opportunities and risks that flow from the clean energy transition.
- Dr. Chris Briggs, Research Principal, Institute for Sustainable Futures, University of Technology Sydney
- Dr. Sasha Courville, Executive, Social Impact, NAB; Director and Chair, Environment and Climate Change, Global Compact Network Australia
- David Gall, Group Executive, Corporate and Institutional Banking, NAB
- Kylie Porter, Executive Director, Global Compact Network Australia