{"data":{"id":"sbm2e0b7de34df89b2230087","short_id":79,"created":"2024-05-14T04:38:47.885Z","space_id":"spc2d334047ad0d7e7aa8046","project_id":"prj2d3336e5a90d264a70605","org_id":"org25a4efd179c5b5ba55d6e","content":{"name_ba03fa":"Matthew Kaspura","name-of-organisa_9974be":"Origin Energy","upload-your-subm_09396f":"fil2e0b7d99b2f8b0e010d5d"},"is_topic":false,"title":null,"count_replies":0,"closed":false,"reply_to_id":null,"last_activity":null,"reactions":{},"_files":{"fil2e0b7d99b2f8b0e010d5d":{"id":"fil2e0b7d99b2f8b0e010d5d","bucket":"files-au-climate","remote_path":"cca/p/prj2d3336e5a90d264a70605/submission/spc2d334047ad0d7e7aa8046/Origin_CCA_targets_issues_paper_submission_final.51ab9dc0.pdf","url":"https://storage.googleapis.com/files-au-climate/cca/p/prj2d3336e5a90d264a70605/submission/spc2d334047ad0d7e7aa8046/Origin_CCA_targets_issues_paper_submission_final.51ab9dc0.pdf","filename":"Origin CCA targets issues paper submission final.pdf","transcribed":"14 May 2024\n\n\nClimate Change Authority\n\nLodged online: https://www.climatechangeauthority.gov.au\n\nDear Sir/Madam,\n\n\nResponse to Targets, Pathways and Progress – Issues Paper\n\nOrigin Energy Limited (Origin) welcomes the opportunity to provide comments on the Climate Change\nAuthority’s Targets, Pathways and Progress Issues Paper.\n\n\n2035 target\n\nIn our previous submission to this process, Origin supported a strong 2035 emission reduction target for Australia which is consistent with the goals of the Paris Agreement. We are pleased to see that the\nClimate Change Authority (CCA) has proposed a relatively ambitious 2035 target of a 65-75% reduction on 2005 levels and believe the CCA should be commended for providing this leadership.\n\nAll sectors of the economy will need to contribute to emission reduction goals if Australia is to meet an ambitious target for 2035, and ultimately to reach net zero emissions. The most recent Quarterly\nUpdate of Australia’s National Greenhouse Gas Inventory 1 indicates that the electricity sector continues to drive most of the nation’s emissions reductions. Since 2005, there has been about a 25% reduction in emissions from the electricity sector compared to an approximate 24% and 18% increase in the stationary energy and transport sectors, respectively. It will be crucial to implement policies for all sectors of the economy to enable them to make a significant contribution to the emissions reduction task.\n\nThe transition to net zero will not be easy. Government also has an important role to play in building and maintaining support for the transition and ensuring that all parts of society have access to the new opportunities that will evolve.\n\n\nSectoral pathways\n\nOur comments on the sectoral pathways are focused on the electricity and energy sector and the parts of the economy where electrification may unlock significant emission reduction opportunities. These comments are based on our submission to recent consultation by the Australian Government on the electricity and energy sector net zero plan.\n\n     •    Mobilising investment in the electricity sector - A key objective should be to facilitate\n          optimum levels of market-led investment in the types of resources needed to facilitate a smooth\n          transition and beyond, while also giving governments confidence around reliability outcomes.\n          This includes continued investment in variable renewable energy (VRE) and flexible\n          dispatchable plant such as storage and gas-powered generation (GPG) that allow for the\n\n\n1Quarterly update of Australia’s National Greenhouse Gas Inventory: September 2023, Australian Government\nDepartment of Climate Change, Energy, the Environment and Water.\n\n\nOrigin Energy Limited ABN 30 000 051 696 • Level 32, Tower 1, 100 Barangaroo Avenue, Barangaroo NSW 2000\nGPO Box 5376, Barangaroo NSW 2000 • Telephone (02) 8345 5000 • Facsimile (02) 9252 9244 • www.originenergy.com.au\n\f        rebalancing of VRE across multiple timeframes. The plan to consider capacity markets as part\n        of the upcoming post-2030 market design process is prudent and consistent with this objective.\n        We consider this to be important in helping to enhance the investment signal and de-risk the\n        required resources.\n\n    •   Enabling electrification - One of the benefits of the electricity sector decarbonising is that it\n        can unlock potential decarbonisation opportunities in other sectors. For transport we are\n        pleased to see consideration of a New Vehicle Efficiency Standard. We support a strong signal\n        to switch towards cleaner vehicles under the proposed scheme. This should be implemented\n        quickly and be in line with standards in other advanced economies. Electrification will also play\n        an important role in supporting decarbonisation of residential and commercial load as the\n        penetration of renewables in the market progressively increases.\n\n    •   Growing alternative low carbon fuels - Origin considers that hydrogen produced from\n        renewable energy and sustainable water use, and its conversion into derivative products such\n        as ammonia and methanol will play an important role in Australia’s future energy mix.\n        Investment and policy should be aligned to sectors where there is maximum value for the role\n        of hydrogen in the long term, such as existing uses as a chemical feedstock, as well as hard-\n        to-abate industries where electrification may not be a feasible alternative. Biofuels may also\n        have an important role to play, especially in regional areas. We continue to support the\n        Hydrogen Guarantee of Origin and associated Renewable Energy Guarantee of Origin\n        schemes. The certainty provided by a national government accredited scheme will help to\n        underpin investment in the first tranche of renewable hydrogen projects in Australia. We\n        encourage the Government to continue to work with industry to develop these schemes in a\n        timely fashion.\n\n    •   Consumer Energy Resources - Origin views the integration of Consumer Energy Resources\n        (CER) as a key long-term reform. CER has the potential to reduce emissions at significant scale\n        and provides a complement to large-scale renewables and storage. Further, CER can allow\n        households and businesses to play a more active role in the energy transition as well as\n        reducing energy bills. CER deployment is growing across the market, and we encourage policy\n        settings that will allow this evolution to continue. We believe that fostering competitive markets,\n        together with clearly targeted regulation to ensure technical standards and customer protections\n        are the best way to achieve this.\n\n    •   Building Australia’s clean energy workforce - Clean energy careers are new and evolving.\n        Many are within industries that traditionally have high carbon impacts. We believe that a multi-\n        faceted approach to attracting the younger workforce to these sectors and developing relevant\n        education pathways will be necessary. Another key role for Government and business will be to\n        help existing workers transition to new clean energy opportunities.\n\nIn summary, we support the strong 2035 emissions reduction target proposed by the CCA and the clear guidance provided in this issues paper. If you wish to discuss any aspect of this submission further, please contact Matthew Kaspura at matthew.kaspura@originenergy.com.au.\n\nYours sincerely,\n\n\n\n\nSteve Reid\nGeneral Manager Regulatory Policy\nOrigin Energy Limited\n+61 2 9503 5111–steve.reid@originenergy.com.au\n\f","size":175690,"redacted":[],"meta":{"name":"Origin_CCA_targets_issues_paper_submission_final.51ab9dc0.pdf","local_path":"files/g5jdTawy8ok-xV6qjC5-kLkm.pdf"},"config":{}}}}}