The Green Wave: Adding value through net zero energy strategy

Roche, D; Langham, E; Mouritz, M; Breadsell, J; Sharp, D; Nagrath, K; White, S; McCartney, D; Prendergast, J; Parida, S; Bona, R; Kinstan, K; Jazbec, M

The Green Wave: Adding value through net zero energy strategy

Roche, D

Langham, E Mouritz, M Breadsell, J Sharp, D Nagrath, K White, S

McCartney, D Prendergast, J Parida, S Bona, R Kinstan, K Jazbec, M

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Publisher:: RACE for 2030 CRC
Publication Type:: Internet Publication
Citation:: 2022
Issue Date:: 2022-03-01

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Field	Value	Language
dc.contributor.author	Roche, D https://orcid.org/0000-0001-6672-7622
dc.contributor.author	Langham, E
dc.contributor.author	Mouritz, M
dc.contributor.author	Breadsell, J
dc.contributor.author	Sharp, D
dc.contributor.author	Nagrath, K
dc.contributor.author	White, S https://orcid.org/0000-0001-8078-5327
dc.contributor.author	McCartney, D
dc.contributor.author	Prendergast, J
dc.contributor.author	Parida, S
dc.contributor.author	Bona, R
dc.contributor.author	Kinstan, K
dc.contributor.author	Jazbec, M https://orcid.org/0000-0001-6614-8962
dc.date.accessioned	2022-08-05T06:14:43Z
dc.date.available	2022-08-05T06:14:43Z
dc.date.issued	2022-03-01
dc.identifier.citation	2022
dc.identifier.uri	http://hdl.handle.net/10453/159665
dc.description.abstract	Report at a glance What is the report about? The report explores new ways to address the challenge of reaching net zero carbon emissions. Specifically, how can we develop institutional net zero strategies that more deeply engage community and business partnerships to deliver greater trust, legitimacy and social value while maximising economic impact? In doing so, the project engaged with the net zero ambitions of three participating universities—University of Technology Sydney (UTS), Curtin University and Monash University. Why is it important? Universities are well established public-benefit institutions deeply embedded within geographic, innovation and thought-leadership communities. As such, they should be seen as critical enablers for seeding a net zero economy through their core activities of research and education. While the focus of the project was on university-based precincts with strong links to energy innovation, the project outputs are also broadly applicable to other organisations and other precincts. Using the process and examples presented in the report, organisations can develop net zero strategies and solutions that deeply intersect with their organisational objectives and strengthen economic participation, stimulating a ‘Green Wave’ to deliver complementary economic, social, and environmental value beyond each organisation’s boundaries. What did we do? Through background review, the project team developed a deep understanding of the net zero challenge, including best practice guidelines for net zero strategies. We also devised, applied, and refined a process for developing an institutional net zero plan that includes pathways for delivering additional complementary social and environmental values. Applying this process, we explored opportunities at the campuses of the three participating universities, particularly UTS and Curtin University. Several of these opportunities were further developed into case studies that can be emulated and adapted across other universities and business precincts. What difference will it make? The project contributed to the net zero strategies of both UTS and Curtin University. It also provides a foundation for both universities and a wide range of institutions to develop net zero strategies that deliver greater trust, legitimacy and value. The research project also outlines a longer-term research program to address the many technical and organisational challenges associated with making and meeting net zero commitments. What next? UTS and Curtin University will continue to develop their net zero strategies while implementing the opportunities identified through the project. The project also provides a template for other institutions to strategise their net zero response, while identifying key challenges and future research opportunities. Research opportunities include design of projects while incentivising the addition of complementary value for other stakeholders, incentivising more impactful investments to transition the energy system, and supporting institutions in meeting their net zero objectives.
dc.language	en
dc.publisher	RACE for 2030 CRC
dc.rights	info:eu-repo/semantics/openAccess
dc.title	The Green Wave: Adding value through net zero energy strategy
dc.type	Internet Publication
pubs.organisational-group	/University of Technology Sydney
pubs.organisational-group	/University of Technology Sydney/DVC (Research)
pubs.organisational-group	/University of Technology Sydney/DVC (Research)/Institute For Sustainable Futures
pubs.organisational-group	/University of Technology Sydney/Strength - ISF - Institute for Sustainable Futures
utslib.copyright.status	open_access	*
dc.date.updated	2022-08-05T06:14:41Z
pubs.publication-status	Published

Abstract:

Report at a glance What is the report about? The report explores new ways to address the challenge of reaching net zero carbon emissions. Specifically, how can we develop institutional net zero strategies that more deeply engage community and business partnerships to deliver greater trust, legitimacy and social value while maximising economic impact? In doing so, the project engaged with the net zero ambitions of three participating universities—University of Technology Sydney (UTS), Curtin University and Monash University. Why is it important? Universities are well established public-benefit institutions deeply embedded within geographic, innovation and thought-leadership communities. As such, they should be seen as critical enablers for seeding a net zero economy through their core activities of research and education. While the focus of the project was on university-based precincts with strong links to energy innovation, the project outputs are also broadly applicable to other organisations and other precincts. Using the process and examples presented in the report, organisations can develop net zero strategies and solutions that deeply intersect with their organisational objectives and strengthen economic participation, stimulating a ‘Green Wave’ to deliver complementary economic, social, and environmental value beyond each organisation’s boundaries. What did we do? Through background review, the project team developed a deep understanding of the net zero challenge, including best practice guidelines for net zero strategies. We also devised, applied, and refined a process for developing an institutional net zero plan that includes pathways for delivering additional complementary social and environmental values. Applying this process, we explored opportunities at the campuses of the three participating universities, particularly UTS and Curtin University. Several of these opportunities were further developed into case studies that can be emulated and adapted across other universities and business precincts. What difference will it make? The project contributed to the net zero strategies of both UTS and Curtin University. It also provides a foundation for both universities and a wide range of institutions to develop net zero strategies that deliver greater trust, legitimacy and value. The research project also outlines a longer-term research program to address the many technical and organisational challenges associated with making and meeting net zero commitments. What next? UTS and Curtin University will continue to develop their net zero strategies while implementing the opportunities identified through the project. The project also provides a template for other institutions to strategise their net zero response, while identifying key challenges and future research opportunities. Research opportunities include design of projects while incentivising the addition of complementary value for other stakeholders, incentivising more impactful investments to transition the energy system, and supporting institutions in meeting their net zero objectives.

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http://hdl.handle.net/10453/159665