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class="container">  <span property="itemListElement" typeof="ListItem"><a property="item" typeof="WebPage" title="Go to Australian Energy Producers." href="https://energyproducers.au" class="home" data-wpel-link="internal"><span property="name">Australian Energy Producers</span></a><meta property="position" content="1"></span><small>  /  </small><span property="itemListElement" typeof="ListItem"><span property="name">Policy</span><meta property="position" content="2"></span><small>  /  </small><span property="itemListElement" typeof="ListItem"><span property="name" class="post post-page current-item">Net Zero</span><meta property="url" content="https://energyproducers.au/policy/net-zero/"><meta property="position" content="3"></span> </div> </div> </div> </div> </div> </div> </div> </div> </section> <section id="" class="page-content default-page"> <div class="container"> <div class="row"> <div class="col-md-8"> <div> <h3 class="p1"><span class="TextRun MacChromeBold SCXW218465675 BCX0" lang="EN-AU" xml:lang="EN-AU" data-contrast="auto"><span class="NormalTextRun SCXW218465675 BCX0">Supporting Net Zero by 2050</span></span><span class="EOP SCXW218465675 BCX0" data-ccp-props="{"201341983":0,"335559740":259}"> </span></h3> <p><span data-contrast="auto">Australian Energy Producers supports Net Zero cross the economy by 2050, consistent with the objectives of the Paris Agreement and the commitments of the Commonwealth Government. </span><span data-ccp-props="{"201341983":0,"335559740":259}"> </span></p> <p><span data-contrast="auto">Australian natural gas is pivotal to reaching net zero in Australia and the region, supporting the transition away from coal, providing the firm dispatchable energy required to unlock our renewable energy potential, and powering Australian industries including those processing the critical minerals necessary for net zero. </span><span data-ccp-props="{"201341983":0,"335559740":257}"> </span></p> <p><span data-contrast="auto">The </span><a href="https://aemo.com.au/en/energy-systems/major-publications/integrated-system-plan-isp/2022-integrated-system-plan-isp" data-wpel-link="external" target="_blank" rel="external noopener noreferrer"><span data-contrast="none"><strong>Australian Energy Market Operator</strong></span></a><span data-contrast="auto"> sees 10 GW of gas power capacity playing a “crucial role” in 2050, providing peak loads and firming to support renewable power generation.</span><span data-ccp-props="{"201341983":0,"335559740":257}"> </span></p> <p><span data-contrast="auto">The Australian oil and gas industry is amongst the world leaders in the development of step-change net zero technologies including CO</span><span data-contrast="auto">2</span><span data-contrast="auto"> capture, utilisation, and storage (CCUS) and low-carbon hydrogen.  These technologies will be critical to meeting net zero, not only in the energy sector but across the economy.</span><span data-ccp-props="{"201341983":0,"335559740":257}"> </span></p> <p><span data-contrast="none">Chevron’s </span><a href="https://australia.chevron.com/-/media/australia/publications/documents/gorgon-CCS--fact-sheet-dec-2022.pdf" class="mtli_attachment mtli_pdf" data-wpel-link="external" target="_blank" rel="external noopener noreferrer"><span data-contrast="none">Gorgon CCUS Project</span></a><span data-contrast="none"> and Santos and Beach Energy’s </span><a href="https://www.santos.com/wp-content/uploads/2022/02/Fact-sheet_Moomba_CCS.pdf" class="mtli_attachment mtli_pdf" data-wpel-link="external" target="_blank" rel="external noopener noreferrer"><span data-contrast="none">Moomba CCUS Project</span></a><span data-contrast="none"> are amongst the largest CO</span><span data-contrast="none">2</span><span data-contrast="none"> storage projects globally.</span><span data-ccp-props="{"201341983":0,"335559740":257}"> </span></p> <p><b><span data-contrast="none"><br /> Policy priorities </span></b><span data-ccp-props="{"201341983":0,"335559740":257}"> <br /> </span><span data-contrast="auto">Develop a national CCUS roadmap to:</span><span data-ccp-props="{"201341983":0,"335559740":259}"> </span></p> <ul> <li data-leveltext="o" data-font="Courier New" data-listid="18" data-list-defn-props="{"335552541":1,"335559684":-2,"335559685":1440,"335559991":360,"469769226":"Courier New","469769242":[9675],"469777803":"left","469777804":"o","469777815":"hybridMultilevel"}" aria-setsize="-1" data-aria-posinset="1" data-aria-level="2"><span data-contrast="auto">Provide clear CCUS policy direction and consistent regulatory frameworks.</span><span data-ccp-props="{"201341983":0,"335559740":259}"> </span></li> <li data-leveltext="o" data-font="Courier New" data-listid="18" data-list-defn-props="{"335552541":1,"335559684":-2,"335559685":1440,"335559991":360,"469769226":"Courier New","469769242":[9675],"469777803":"left","469777804":"o","469777815":"hybridMultilevel"}" aria-setsize="-1" data-aria-posinset="2" data-aria-level="2"><span data-contrast="auto">Support collaboration to ensure CCUS and carbon removal technologies are available across the economy.</span><span data-ccp-props="{"201341983":0,"335559740":259}"> </span></li> <li data-leveltext="o" data-font="Courier New" data-listid="18" data-list-defn-props="{"335552541":1,"335559684":-2,"335559685":1440,"335559991":360,"469769226":"Courier New","469769242":[9675],"469777803":"left","469777804":"o","469777815":"hybridMultilevel"}" aria-setsize="-1" data-aria-posinset="3" data-aria-level="2"><span data-contrast="auto">Identify and advance priority hubs for CCUS, low-carbon hydrogen and hard-to-abate industry.</span><span data-ccp-props="{"201341983":0,"335559740":259}"> </span></li> <li data-leveltext="o" data-font="Courier New" data-listid="18" data-list-defn-props="{"335552541":1,"335559684":-2,"335559685":1440,"335559991":360,"469769226":"Courier New","469769242":[9675],"469777803":"left","469777804":"o","469777815":"hybridMultilevel"}" aria-setsize="-1" data-aria-posinset="4" data-aria-level="2"><span data-contrast="auto">Demonstrate that Australia is ‘open for business’ as a regional </span><span data-contrast="auto">CO</span><span data-contrast="none">2  </span><span data-contrast="auto">storage focal point.</span><span data-ccp-props="{"201341983":0,"335559740":259}"><span data-ccp-props="{"201341983":0,"335559740":259}"> </span></span> </li> </ul> <p><a href="https://energyproducers.au/wp-content/uploads/2021/02/2021-APPEA-Climate-Change-Policy-Principles.pdf" class="mtli_attachment mtli_pdf" data-wpel-link="internal"><span data-contrast="none">Learn more</span></a><span data-contrast="auto"> about how the oil and gas industry is supporting a cleaner energy future.</span><span data-ccp-props="{"201341983":0,"335559740":259}"> </span></p> </div> <div class="share-this-container"> <span>Share This</span> <div 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