The UK Government’s Net Zero Innovation Handbook was published today and unveiled in Sydney by the UK’s Secretary for International Trade. The UK’s Digital Trade Network has created this handbook as part of its Net Zero 2022 innovation mission.
The Glasgow Climate Pact is expanded by the Net Zero Mission, which connects organizations in Australia and New Zealand with a clear need for decarbonisation with UK climate tech companies offering creative solutions.
The team spoke to over 600 organizations in Australia and New Zealand to better understand how UK technology can help solve the net zero challenges businesses face. They discussed the most challenging aspects of their net zero journey while outlining their decarbonization ambitions.
Digital carbon accounting, emissions capture and reporting of scope 3 supply chain emissions are major challenges in this area. The handbook highlights UK responses to these issues, and the next phase of the mission will link businesses in the UK, Australia and New Zealand to encourage cooperation on these goals.
The UK is leading a global wave of investment in green innovation. Investment in IT startups has increased by 210% year-on-year, and the UK has seen more climate tech companies secure venture capital funding than any other European country.
Anne-Marie Trevelyan, UK Secretary of State for International Trade, said:
The UK was the first developed country to legally impose the goal of net zero emissions by 2050. Companies have a ton of opportunity to take the lead and drive expansion. In fact, although our emissions have fallen by 44% between 1990 and 2019, the UK economy has grown by 78% over this period. The fastest pace of the G7 demonstrates that green development is doable.
A wonderful example of how green business can be a force for good, this Net Zero handbook will connect the UK experience to the net zero challenges faced by Australian and New Zealand businesses.
Louise Cantillon, Assistant Trade Commissioner for Australia and New Zealand in the Asia-Pacific region, said:
This guide is a very useful resource that highlights important areas of partnership and cooperation between the UK, Australia and New Zealand so that together we can green our sectors and achieve our net zero targets.
The UK has pioneering approaches to the clean growth economy and an unwavering dedication to the green revolution. We will develop this project over the next six months by organizing business meetings with British, Australian and New Zealand companies.
I urge businesses in Australia and New Zealand looking for sustainable solutions to get in touch with the UK team in Australia so we can connect you with the UK knowledge.
The project comes after the UK assumed the COP26 Presidency of the UN Climate Change Summit, held in Glasgow in November 2021. As part of the UK’s ‘Race to Zero’ campaign, where a number of organizations have announced new pledges to reach ‘net zero’. emissions and accelerate their decarbonization, COP26 brought together governments and businesses.
A pipeline for green innovation is being set up by the UK’s Green Industrial Revolution, which is attracting £12 billion in government funding and perhaps three times that amount from the private sector.
statistics from the Net Zero Innovation Handbook
In February 2022, the Net Zero Innovation Mission got to work.
Australia and Oceania Network Communications Manager, Hazel Gidley, phone (406) 746-806, email ([email protected])