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0:03:43 Panellist introductions
0:06:23 From a CSIRO perspective, what is the current state of play vs. expectations?
- A global perspective
- Down at the micro level
- BlueScope's natural gas pathway
- Worley and its role in the transition
- Changing the discipline of project delivery
- Worley’s ‘five shifts’
- Learning from collaboration success
- Scope of Telstra's emissions, targets and projects
- The barriers to getting there
- The importance of embracing risk
- The critical enablers – tech is not the limiting factor
- Worley seeing flow of capital shifting towards US
- Telstra's discussions with global telcos
- Early days for BlueScope operational benefits
- Implications on social licence to operate
- The IRA from a scientist point of view
- Telstra's experience with regulated and voluntary projects
- Community engagement and co-development
- Worley's experience with carbon capture
- BlueScope exploring offsets for scope 3 emissions
- Carbon credit market - conflict between priorities and sequencing
- Anna: Need to fundamentally rethink how we do things
- Tom: Opportunities and risks are too great not to
- Sue: We have the smarts to get there but capital is not flowing
- Warren: Generation capacity is there, but need to accelerate pipeline and capital allocation
01:11:30 How do we as investors apply this in an investment strategy
Net Zero in the Real World: The implications for Australian companies, investors and regulators
Hosted by Martin Currie and Franklin Templeton, the Pathway to 2030 Forum was held on 10 October 2023 in Melbourne.
The panel, moderated by Will Baylis, Portfolio Manager for Sustainable Equities at Martin Currie, brought together investors, sustainability experts and leading ASX-listed companies who are at different stages in their energy transition and emissions reduction pathway.
Over the course of 90 minutes, the expert panel discussed how Australia and Australian companies are not short of ambition, skill or technology, but in order to improve the pace of energy transition pipeline fulfilment, we need to think differently about how to get capital flowing.
The panel offered their perspective on the critical elements to achieve this, including the use of transition fuels and carbon offsets, improved collaboration, a shift away from the traditional way of delivering infrastructure projects, and a focus on community and social licence to operate.
To bring this to life for investors, the Martin Currie Australia team also shared how we seek out companies that are thriving or failing on the Net Zero transition, and how we can apply our research and engagements with companies in our investment strategies.
Watch a full recording of the panel session above, and use the nagivation to jump to the relevant section or question.
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