Understanding Australian Infrastructure Carbon Reduction Initiative 2 Understanding Australian Infrastructure Carbon Red | Page 17

Ausgrid has said it will reduce emissions by 8% by 2024 and 17% by 2030 through investment in
renewable energy, primarily solar, as well as building efficiency upgrades and transitioning to a low
energy vehicle fleet.
The infrastructure assets are all part-owned by IMF Investors’s $12bn infrastructure fund.
IMF is owned by 27 of Australia’s industry super funds and invests on behalf of 6 million Australians and
roughly 15 million pension fund members globally.
CEFC chief executive Ian Learmonth said a reduction in emissions from these legacy infrastructure assets
could “make a material impact on cutting Australia’s carbon footprint.”
“This comprehensive program of activity sets an important example for other major infrastructure
owners and managers in Australia.” he said. “Cutting carbon emissions can deliver a long-term dividend
to the environment and in most cases an improved financial performance.”
Conclusion
These comprehensive program and activities sets important examples for other major infrastructure
owners and managers in Australia. Cutting carbon emissions can deliver a long-term dividend to the
environment and in most cases an improved financial performance. The exciting initiative represents a
genuine commitment and start to aligning the assets to the Paris Agreement, and makes perfect
business sense by reducing costs, mitigating future business risks and contributing to outcomes that
customers value.
References
Carbon offsetting | environment.gov.au | Retrieved on 04.09.2019 from
https://www.environment.gov.au/climate-change/government/carbon-neutral/ncos-eligible-offsets
Blake Matich, August 2019 | Super fund leads nation’s largest infrastructure to emissions reduction
targets | pv-magazine-australia.com| Retrieved on 04.09.2019 from
https://www.pv-magazine-australia.com/2019/08/27/super-fund-leads-nations-largest-infrastructure-
to-emissions-reduction-targets/
Leena Fatin, Aug 2019 | Australia: New GIIO Report Calls for Wave of 2020s Infrastructure Investment to
Address Carbon Targets, Climate Impacts, Brown to Green Transition | climatebonds.net | Retrieved on
04.09.2019 from
https://www.climatebonds.net/2019/08/australia-new-giio-report-calls-wave-2020s-infrastructure-
investment-address-carbon-targets
Yurou, Aug,2019 | Aussie air, seaports vow to cut 200,000 tons of carbon emissions by 2030 |
xinhuanet.com | Retrieved on 04.09.2019 from
http://www.xinhuanet.com/english/2019-08/26/c_138339106.htm