Our strategic climate change objective is to implement balanced and effective climate change responses which deliver growth in Shareholder value. To achieve this, our climate change strategy considers four key areas:
Research and development
- Contribute to, and participate in, climate change research
- Work collaboratively with industry to research new technologies
- Provide industry leadership in the development of clean coal technologies
Climate adaptation
- Assess the climate change potential
- Identify the climate adaptation risk on existing or proposed assets
- Identify our portfolio’s risk mitigation measures
- Implement mitigation measures associated with high risk climate adaptation risks
Policy and regulation
- Work with Shareholders and industry associations to develop climate change policy positions and practical legislative outcomes
- Incorporate regulatory (carbon) mechanisms into business processes
Generation investment
- Maintain and improve the carbon efficiency of existing generation portfolio
- Modify or adapt existing portfolio to withstand changes to climate
- Grow our generation portfolio
Greenhouse
We are committed to supporting research and development activities associated with reducing greenhouse gas emissions from coal-fired generation. We have developed a Greenhouse Policy and Strategy to guide our efforts in minimising our greenhouse gas emissions.
To date, activities we have undertaken to support our commitment include:
- offsetting emissions from our vehicle fleet
- examining opportunities for a wider application of the Greenfleet to other operations offsets
- supporting our employees to offset emissions from their private vehicles
- reviewing options for supplying biodiesel for vehicle fleet
- conducting assessments to determine if biodiesel can be adopted economically and technically as a flame stabilisation fuel for the Tarong Power Station boilers
- supplying fly ash to the cement industry (every tonne of fly ash used as cement avoids the emission of 800 kilograms of carbon dioxide from cement manufacturing)
- partnering with CSIRO, fitting post-combustion capture (PCC) technology to Tarong Power Station in early 2010
- partnering with MBD Energy, pledging to construct a one hectare algae-based carbon capture and recycling plant