26/07/2024
We are pleased to see the development in the green finance space. We have submitted our feedback on the Australian Sustainable Finance Taxonomy, first round public consultation by the Australian Sustainable Finance Institute (ASFI).
It is a great effort to bring together experts and stakeholders across the Australian financial system to design and develop a taxonomy that is credible, usable and internationally interoperable, while reflecting the Australian context.
It is a reality that burning fossil fuels - including fossil gas - must end. The consultation paper acknowledges the challenge of balancing between the system wide need for peaking power versus activity level climate impact of gas powered generation. We find it important to emphasise the renewable alternatives for fossil gas - there cannot be a free-riding sector in decarbonisation! Additionally, solutions like our Superhybrid™ provide the same outcome for the energy market as a coal power plant and a gas peaking plant combined - but all fossil-free.
We see the work being done by ASFI as a crucial step towards enhancing investor confidence in green investments and ensuring a sustainable future for Australia.
Our submission reflects our dedication to aligning with national and global sustainability standards, and we are committed to contribute to the development of a robust framework that supports green finance.
Together, we can build a resilient and inclusive financial system that drives positive environmental impact.