Low-carbon future opens opportunities for water sector

Abstract

The list of countries that have committed to net-zero emissions by 2050 is growing. All Australian states and territories have committed to this target. It has prompted businesses in both the public and private sectors to begin developing and investing in strategies that contribute to a low carbon future. The global climate policy instruments, particularly the Paris Agreement, provides the legal framework for countries to plan and deliver on their commitments to reduce their greenhouse gas (GHG) emissions. While the traditional energy sources (coal, gas, oil, solar and wind) will continue to play an important role in Australia’s future, the transition to a low carbon economy will require a diverse mix of other transformational low emission technologies. Energy-from-waste technologies like direct combustion, gasification and anaerobic digestion will play a major role in the waste management sector to support state and national resource recovery goals including the transition to a circular economy. Renewable gas and hydrogen production, as well as carbon capture and storage will complement current efforts to decarbonise the industrial, transport, domestic and energy sectors. This paper presents an overview of the policies relating to climate change and emissions reduction strategies in Australia, as well as a review of low emission technologies and investment opportunities for the water and waste sectors.