Steps to accelerate net zero delivery

Abstract

Worley and Princeton University’s Andlinger Center for Energy and the Environment are working together to shift the net zero narrative from what is needed, to how to meet this immense infrastructure delivery challenge. Together, we assert that this challenge cannot be met through a traditional project delivery approach. We have developed a new delivery paradigm, which identifies five key shifts in infrastructure delivery practices to build the durable, responsible, and pragmatic means of achieving the required scale and speed of mid-century net zero. We believe that the new delivery paradigm needs to be in place by 2030, and an annual survey conducted by Princeton University is tracking the uptake by industry. The third instalment in our thought leadership series ‘From Ambition to Reality (FATR): Steps to accelerate net zero delivery’, explores the scale of the EU’s 2030 Hydrogen ambition and how the five key shifts could accelerate the delivery of 10 million tonnes per annum of renewable hydrogen in the next 6 years. This has led to our proposed EU Renewable H2 Plan, which has been further globalised to our 2024 FATR Plan for application to any low carbon sector or supply chain. In this paper, we examine the initiatives set out in the 2024 FATR Plan in the context of the Australian oil and gas industry. We outline the steps that can be taken right now to support the decarbonisation of the Australian oil and gas industry alongside the development of a new hydrogen industry.