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Newsletter

April/May 2009

EBA News

Contents

Perspective
EBA news
EBA member news
Australia news
International news
Welcome to new EBA members
Diary of events
Career opportunities and search

Perspective

Vision and strategy still needed
By Fiona Wain, CEO, Environment Business Australia

President Obama said recently "The nation that leads the world in creating new energy sources will be the nation that leads the 21st century global economy. America can be that nation." Australia could maybe have a crack at it too. But we need a bit more strategy and a few less politically expedient tactics.

The revised CPRS announced by Prime Minister Rudd goes some way towards this. High on the positive side, emissions cuts of 25% by 2020 (seen as the barest minimum necessary by climate scientists, environmentalists and green industry) are finally back on the table, a move that is strongly supported by Environment Business Australia. But this 25% is conditional on the world moving to a trajectory that will reduce atmospheric greenhouse gas concentrations to below 450 parts per million (ppm) CO2-e by 2050. Concentrations are already above 455 ppm CO2-e. Australia may have regained some credibility going into international negotiations by setting an aspirational 25% target that will support the Obama administration's new approach. But our 'conditionality' does not match the UK's goal of 34% cuts by 2020. This is not quite the level of vision and leadership that will help make the transition to a low carbon economy and in the process build new markets, new industries and new jobs. Critically, the developing world, led by China and India, may not see it as sufficiently bold or committed to bring them closer to the negotiating table... Continued...

This article was originally published in The Canberra Times on Friday 8 May

Conditional 25% doesn't compensate for deferring CPRS start date
A number of EBA member companies are already reporting adverse impacts from the stalling of the CPRS commencement date and the very low fixed price for the first year. Please send us your opinions and feedback as we put forward alternative ideas to the Prime Minister, Treasurer and Minister for Climate Change.

EBA news

Green drive must step up a gear
In an opinion piece published in The Australian Financial Review on 22 April 2009, Fiona Wain, Peter Newman and Mike Young plug the green new deal as a vital part of the government's initiatives. Download article

EBA submissions to the Senate Committee on Climate Policy
All EBA submissions are available on its web site, under 'Policy Work':

  • EBA submission on the Exposure Draft of the Carbon Pollution Reduction Scheme
  • Building new markets, new industries, new jobs - the upside of the Carbon Pollution Reduction Scheme

EBA member news

AECOM integrates brands in Australia, New Zealand
AECOM's Maunsell AECOM, Bassett, ENSR Australia and EDAW AECOM brands are coming together as part of a global integration that will see each brand adopt the AECOM name. AECOM, a professional services firm, has more than 4,000 employees in Australia and New Zealand. AECOM is a Fortune 500 company with 43,000 employees in over 100 countries. AECOM (NYSE: ACM) is a global provider of professional technical and management support services to a broad range of markets, including transportation, facilities, environmental and energy.

AECOM people are designers, planners, engineers, economists, scientists and projects managers working on the world's most influential infrastructure to create a better world in which to work and live. AECOM project involvement includes in Australia: Brisbane's North South Bypass Tunnel; the Australian Synchrotron, Olympic Dam Mine and Kunioon Coal Project; in New Zealand: the Otahuhu Power Station and Auckland Rail Electrification project; and worldwide: New York Subway, Libya Housing and Infrastructure Development, and London's Crossrail. www.maunsell.com

Deputy Premier Carmel Tebbutt opens $50 million advanced waste treatment plant in Sydney's west
SITA Environmental Solutions' new $50 million advanced waste treatment plant at Kemps Creek will make a dramatic difference to the way the residents of Liverpool and Penrith recycle. Liverpool City predicts it will lift the rate of recycling from 16 to 82 per cent. SITA Australia is owned 60 percent by the French-based SUEZ Environment and 40 percent by Sembcorp Industries one of Singapore's leading services and technology providers. SUEZ Environnement is the only global company, present on 5 continents, exclusively dedicated to environmental services. It supplies waste services to over 46 million people and drinking water to 68 million people in over 70 countries. In Australia, SITA provides waste and recycling services in all States and now has 5 AWT plants in Cairns, Port Stephens, Perth, Adelaide and now here in Sydney. SUEZ Environnement operates the Perth Desalination plant and 85% of Sydney's drinking water comes through the treatment plant at Prospect operated by SUEZ. www.sita.com.au

Sustainability leader joins global engineering consultancy Parsons Brinckerhoff
Parsons Brinckerhoff (PB) in Victoria has appointed Scott Grierson as Regional Sustainability Principal to ensure the firm's projects incorporate sustainability principles. Scott brings to PB a wealth of international expertise in sustainable development. Currently completing his PhD at Macquarie University, Scott is investigating a life cycle innovation project relevant to Australia's bioenergy and agricultural sectors. In addition, he is a Director of the Australian arm of the Stockholm-based sustainability NGO, The Natural Step. Parsons Brinckerhoff (PB) is one of the world's leading planning, environment and infrastructure consultancies, with over 13,000 staff based in offices across six continents. In Australia and New Zealand, PB's multidisciplinary team of over 2,500 professionals offers a comprehensive range of multidisciplinary services and total project delivery on projects of any scale. The firm has two Victorian offices; Melbourne and Bendigo. See www.pb.com.au and www.pbworld.com

mecu wins Premier's Sustainability Award
Victoria's largest credit union, mecu, has won the prestigious Premier's Sustainability Award for its innovation in developing a world-first Conservation Landbank. mecu is one of only five Victorian organisations to be awarded for leadership in sustainable development. The Awards recognise businesses and groups that are reducing their environmental footprint and finding innovative ways to save resources and reduce waste. mecu General Manager Rowan Dowland said "mecu's Conservation Landbank enables people borrowing to build a new home a means by which to offset the loss of biodiversity associated with the new home construction. As land is cleared for construction, mecu offsets an equivalent area of land in the Landbank which is protected against any future development with a Trust for Nature Covenant." To find out more about mecu visit: www.mecu.com.au or phone 132888.

Graham A Brown & Associates
will host the following workshops at Noah's on the Beach in Newcastle:

  • Environmental Management Systems Workshop - 12-13 May
  • Integrated Management Systems Workshop - 14 May
  • Waste Management and Audit Workshop - 16-18 June
Contact: training@grahamabrown.com.au or Ph 02 4927 8500, www.grahamabrown.com.au

Energetics
An independent study by Energetics of Australia's largest energy users has shown that current identified energy savings opportunities within the Federal Government's Energy Efficiency Opportunities (EEO) Program are substantial. The savings opportunities are equivalent to: 4.7 Mt CO2-e per year; or annual emissions produced by nearly 700,000 average residential homes; or annual emissions produced by just over 1 million passenger vehicles. The findings come as COAG meets and commits to strengthened energy efficiency standards for commercial buildings as part of a National Energy Efficiency Strategy. From approximately 215 corporations liable to report under the EEO legislation, Energetics has analysed the first 165 Energy Efficiency Opportunities (EEO) program public reports submitted. Energetics' report found that energy efficiency opportunities are encouraging, but that savings identified fall short of suggested energy efficiency opportunities that have been reported in other Australian and international studies. Contact Meg Wrixon, Public Relations Manager, Energetics Pty Ltd. P: 02 9492 9510 E: meg.wrixon@energetics.com.au

Global awards for Queensland water projects
Two projects involving leading engineering, sciences and project delivery firm, Sinclair Knight Merz (SKM) have been acknowledged at the recent Global Water Awards announced in Zurich. At the Awards, the Gold Coast Desalination Plant, on which SKM was principal designer (as part of the GCD Alliance), was named the Membrane Desalination Plant of the Year, the most impressive technical achievement in the industry. SKM was also involved in obtaining all the environmental approvals and the communications for the project. The GCD Alliance project team included John Holland (construction), Veolia Water (process and operations), Sinclair Knight Merz (principal designer), and Cardno (pipelines). It is the first large-scale desalination plant to be built on Australia's eastern seaboard, and the first facility in the world of this type and scale to treat the backwater flows, bringing clear environmental benefits. Located on a six hectare former landfill site, the facility is supplying 125 megalitres a day of pure drinking water to South East Queensland, one of Australia's worst drought affected regions. The Global Water Awards event, hosted by the International Desalination Association and Global Water Intelligence magazine, recognises outstanding achievements within the international water industry. For further information, contact: Alex Paton, apaton@skm.com.au Ph: +61 2 9928 2476

Australia News

New measures for the Carbon Pollution Reduction Scheme
The CPRS will be phased in from 1 July 2011 and a 25 per cent by 2020 emissions reduction target has been put on the table, as part of a package of new measures announced by the Rudd Government. The package includes:
  • A one year fixed price period when permits will cost $10 per tonne of carbon in 2011-12, with the transition to full market trading from 1 July 2012.
  • Emissions intensive trade exposed industries eligible for 60 per cent assistance will receive a 10 per cent buffer, while industries eligible for 90 per cent assistance will receive a 5 per cent buffer. Eligible businesses will receive funding to undertake energy efficiency measures from 1 July 2009.
  • If the world achieves an ambitious global deal to stabilise levels of CO2 equivalent in the atmosphere at 450 parts per million or less by 2050, Australia will meet its 25 per cent target by 2020 by harnessing the CPRS, the expanded Renewable Energy Target, and with substantial investment in clean, renewable energy and energy efficiency and strategic investment in carbon capture and storage.
  • Up to 5 percent of the 25 per cent target could be achieved through Government purchase of international credits, such as avoided deforestation credits, using CPRS revenue no earlier than 2015.
  • The establishment of an Australian Carbon Trust to allow households to do their bit by investing directly in reducing Australia's emissions and to drive energy efficiency in buildings.
Launch of Global Carbon Capture and Storage Institute
Prime Minister Kevin Rudd formally launched the Global Carbon Capture and Storage Institute at the inaugural meeting of Institute foundation members in Canberra. The Institute is being established by the Government to accelerate the deployment of carbon capture and storage (CCS) technology globally and the sharing of information. It has already received strong and widespread international support with 85 bodies, including 16 national Governments and more than 40 major companies, signing on as foundation members and collaborating participants.

The Government has appointed Mr James D. Wolfensohn, Chairman of Wolfensohn & Company, LLC, and Chairman of Citi International Advisory Board, to the position of Chair of the Institute's International Advisory Panel. Mr Wolfensohn is the former President of the World Bank and a highly respected member of the international financial community who will bring vast experience, international influence and strategic vision to this role. Read more...

Australia's largest solar power system installation to be built in Adelaide
Australia's largest solar photovoltaic power system will be designed and installed by an alliance partnership between national building and engineering company, Built Environs and Solar Shop Australia, a national provider of grid connect solar systems. The 1MegaWatt (MW) rooftop solar system will be installed over six separate buildings at the Adelaide Showgrounds and is approximately two and a half times the size of the Singleton Solar Power Station in NSW, which surprisingly has remained Australia's largest solar system for the last 11 years." www.solarshop.com.au

27,000 jobs in 'regreening' offices
Thomson Reuters. 4.5.09. Thousands of construction jobs could be created by "regreening" old office blocks across Australia, a consultant has told the Green Building Council of Aust (GBCA). Refurbishing office stock could create10,000 jobs in the construction sector alone, consultant Davis Langdon estimated in a report for the council. That would translate to around 27,000 new jobs across the broader economy, he said. Australia's construction industry, could also be saved from an "ominous future", Langton said. The industry was facing a -37% contraction this year with a loss of 75,000 jobs, "and as much as -48% in 2010, with a worsening outlook looking ahead" regardless of the Fed Govt's spending efforts, Langton's report said. GBCA chief exec Romilly Madew said the industry employed around 9% of the national labour force so "any fluctuation in the construction sector has a significant impact across the broader Australian economy".

Peter Cullen Water and Environment Trust
Minister for Climate Change, Senator Penny Wong announced on 13 March Australian Government funding of 1 million dollars for the Peter Cullen Water and Environment Trust "in memory of a great Australian who made an enormous contribution to water policy in this country". The Trust has been established to create an enduring legacy commensurate with Peter Cullen's contribution to freshwater ecology, to science communication and to water research, policy and management in Australia. Peter Cullen was also a prominent member of the Wentworth Group of Concerned Scientists.

DESERTEC-Australia: solar and geothermal cheaper than coal and nuclear
The average Australian household could pay up to 30% more per year by 2025 for electricity generated from coal and nuclear power than from concentrating solar and hot dry rock geothermal power, according to DESERTEC-Australia. "Concentrating solar power costs are falling rapidly. Geothermal costs are already low," says Roger Taylor, a researcher for DESERTEC-Australia. "Together or alone, solar and geothermal are better, more proven long-term deals for Australian consumers than 'clean' coal or 'next-generation' nuclear." The reason is differing 'rates of change' in prices. The price of hot dry rock and concentrating solar energy is falling rapidly due to innovation. The price of carbon capture and nuclear is not falling as rapidly -- and is not expected to in the future. Over time, the impact of these compounded differentials in rates of change will be dramatic.

"Solar thermal technology will be on the ground and operating, certainly in the United States and many other countries, long before so-called clean coal and nuclear power." Mark Diesendorf, University of New South Wales. For more information contact Roger Taylor rtaylor@desertec-australia.org

Power-up for clean technology
1 April 2009. Australia is switched on but no longer leading the way, argues John Dyson, investment principal at Starfish Ventures, in an Opinion piece in The Age

Amid the gathering clouds of the global economic storm, clean technology innovation can offer Australia a ray of hope. Clean technology is more than energy solutions for a polluted planet. It is promoting innovation in all industry sectors, from water preservation and quality to housing, food supply and security. Australia was behind the first wave of clean energy innovations now powering the world. Twenty years ago, solar photovoltaic cell technology left for Spain. Shortly after, evacuated tube technology went to China. Then evacuated glazing technology went to Japan. In 2001, Dr Shi and his solar cells developed at the University of NSW went to China — and his company Suntech is now the world's biggest producer of solar panels. In 2002, crystalline glass technology went to Germany. In 2007, the solar thermal compact linear Fresnel reflector from the University of NSW went to the US. If we can develop the next wave of clean technology industries, we will be rewarded with hundreds of thousands of green infrastructure and manufacturing jobs, export industries, and investment and re-investment in Australian science and entrepreneurs... Read Article

Smart electricity meter roll-out set to start for one million electricity customers
The program to roll-out new smart electricity meters for 2.5 million Victorian households and small businesses was launched by Energy and Resources Minister Peter Batchelor. "Electricity distributors Jemena and United Energy Distribution (UED) are among the first to start the roll-out of the new smart meter infrastructure to their more than one million customers. The new meters provide several key features including the ability to: read meters remotely; automatically notify distributors if loss of supply is detected, helping to speed up supply restoration; remotely connect and disconnect electricity supply; and customers to receive accurate readings on their electricity use at 30 minute intervals, making it easier for customers to monitor energy consumption and cost.

Biochar a reality for Australia's home gardeners
Scientists all over the world are talking about the amazing potential of Biochar to reduce global greenhouse gas emissions while increasing crop productivity. Australian of the Year for 2007, Professor Tim Flannery, has said, "Biochar may represent the single most important initiative for humanity's environmental future. The biochar approach provides a uniquely powerful solution, for it allows us to address food security, the fuel crisis, and the climate problem, and all in an immensely practical manner. ..." Soon, for the first time, the average Australian home gardener will be able to try biochar at home thanks to Dirk Hill of Gansel Australia Pty Ltd and the company's new Outback Biochar soil conditioner. visit www.outbackbiochar.com

Creating a safe deposit box for carbon
Redd Forests Pty Ltd, the Australian based forestry carbon developer has submitted its first project to the Climate Community and Biodiversity Standards for approval. The Project Design Document is available on the CCBS website for public review and comment. The project, called Creating a Safe Deposit Box for Carbon, is a world's first in that it seeks to prove the commercial viability , in the developed world, of utilising the carbon market to generate a viable alternative income for landowners who have traditionally been remunerated for logging their land. This first project is in Tasmania and generates 179,000 credits plus an annual accretion from sequestration using a project-based Improved Forestry Management methodology on 860 hectares of old growth and native forest that has been selectively logged for the past 100+ years. Redd Forests will sell the credits in the international marketplace having acquired the logging rights to the land for a 25 year period. Redd Forests will use the success of this pilot project to replicate it across much larger tracts of land in Tasmania, other parts of Australia and then abroad. www.reddforests.com

International News

US environment agency deems CO2 a health risk
AFP, 17 April 2009 - The US Environmental Protection Agency shifted course by deeming carbon dioxide and other greenhouse gases a health risk, in a landmark turnaround that could impact climate change regulation. "After a thorough scientific review ordered in 2007 by the US Supreme Court, the Environmental Protection Agency issued a proposed finding ... that greenhouse gases contribute to air pollution that may endanger public health or welfare," said an EPA statement posted on its website. "This finding confirms that greenhouse gas pollution is a serious problem now and for future generations. Fortunately, it follows President (Barack) Obama's call for a low carbon economy and strong leadership in Congress on clean energy and climate legislation," said EPA Administrator Lisa Jackson. "This pollution problem has a solution -- one that will create millions of green jobs and end our country's dependence on foreign oil. http://www.wbcsd.org/includes/getTarget.asp?type=DocDet&id=MzQxNTY, http://www.bbc.co.uk/news

UK budget promises 34% emissions cuts with world's first binding carbon budgets
www.guardian.co.uk 22 April 09
UK Chancellor Alistair Darling has now promised to cut greenhouse gases by 34% by 2020 through so-called carbon budgets, which fix binding limits on greenhouse gas emissions over five-year periods….The budget report said the government "aims" to do this without purchasing controversial carbon credits from cuts made in other countries, but said these "offsets" could be a "fallback option". It also said the target cut would be higher if there was "satisfactory" global agreement on cutting emissions, but stopped short of committing to the higher 42% cut recommended by the CCC in those circumstances. "These budgets give industry the certainty needed to develop and use low carbon technology - cutting emissions, creating new businesses and jobs," said the chancellor. … the formal announcement makes the UK the first country in the world to set legally binding targets….

The budget also promised up to four "demonstration" projects for carbon capture and storage for coal and gas power plants, and £60m of new spending on research and development of the unproven technology, but critics said these partial capture schemes were not enough if the government goes ahead with plans for up to eight new coal plants.

James Cameron, vice-chairman of Climate Change Capital, a low-carbon investment fund with more than US$1.5bn (£1bn) under management, said: "The idea of a carbon budget is to be applauded and must become a permanent feature of how we direct our economy. But the reality is that creating a low carbon economy requires more than high-level commitment. The scale of investment required is huge, and thus far the commitments to stimulate the economy and reduce emissions have been small gestures, albeit in the right direction. They have identified the correct areas to be targeting with strategic intervention but the orders of magnitude are much too small."

UK Labour's industrial revolution
Market forces must make way for interventionism, says Mandelson.
By Andrew Grice, Political Editor. The Independent. 20 April 2009.

New Labour will today abandon 12 years of support for market forces by unveiling an interventionist strategy under which the Government will subsidise the growth industries of the future.

Lord Mandelson said the drive could create hundreds of thousands of jobs in hi-tech and low-carbon industries over the next 10 years, to compensate for the smaller financial services sector that will emerge from the current recession. The new strategy marks a reversal of the Government's free-market approach since Labour won power in 1997, as ministers follow the bailout of Britain's ailing banks by intervening in other key areas of industry. The Business Secretary said: "If markets fail or don't work efficiently, government has a role to play - as we saw in the financial markets." He insisted: "The Government's job is not to substitute for markets or displace the private sector. We are not into bailing out the past, but removing the barriers to investing in the future." http://www.independent.co.uk/news/uk/politics/labours-industrial-revolution-1671315.html

Self selection process for private sector observers to the climate investment funds
The World Business Council for Sustainable Development (WBCSD) has agreed to design and facilitate the self selection process for private sector observers on two Climate Investment Fund (CIF) committees : Clean Technology Fund (CTF) and Strategic Climate Fund (SCF), and one sub-committee of the SCF, the Pilot Progam for Climate Resiliance (PPCR). The self-selection process is directed at business associations to ensure that the business community is represented in the meetings (see guidelines for inviting representatives to observe meetings). The private sector self selection process will take up to 3-4 months to identify observers in time for the October 2009 meetings of the CIF. WBCSD will post the relevant documents for the self selection process on www.wbcsd.org/web/CIFselection.htm, so please check for updates. Please contact WBCSD (climate@wbcsd.org) with any questions or comments.

UK Government reviews clean coal strategy
Austrade. The UK government is reviewing the strategy to develop carbon capture and storage technology. Currently, ministers have promised to back one large scale demonstration of a coal fired power plant that captures and stores carbon dioxide emissions and launched a competition for funding in 2007. The three projects in the running are: Eon Kingsnorth, RWE NpowerTilbury, and Scottish Power Longannet. The successful project should be operational by 2014.

Building sector must change to meet global energy targets, new study finds
Geneva, Switzerland, 27 April 2009: New modelling by the World Business Council for Sustainable Development (WBCSD) shows how energy use in buildings can be cut by 60 percent by 2050 - essential to meeting global climate change targets - but this will require immediate action to transform the building sector. This is the central message of the report from the WBCSD's four-year, $15 million Energy Efficiency in Buildings (EEB) research project, the most rigorous study ever conducted on the subject. The EEB's report 'Transforming the Market: Energy Efficiency in Buildings' includes a "transformation roadmap" for the building sector. "Energy efficiency is fast becoming one of the defining issues of our times, and buildings are that issue's 'elephant in the room'. Buildings use more energy than any other sector and as such are a major contributor to climate change," said Björn Stigson, president of the WBCSD. see www.wbcsd.org

Mayor outlines massive opportunities for green economy in London
The Mayor of London's plans to cut energy and tackle climate change could bring 10-15,000 jobs and contribute £600m a year to the capital's economy by 2025, according to an Ernst and Young report published on 29 March. The report outlines for the first time the massive economic boost and job opportunities for London and the UK if it positions itself at the forefront of a low carbon economy. The report bases its figures on the Mayor's existing plans to make buildings more energy efficient, build waste and recycling plants, introduce low carbon vehicles and the building of a decentralised energy network across London. London already has some key strengths in this new green economy sector - it is currently the leading centre for carbon trading globally, has 75 AIM listed clean tech companies alongside 14 universities and 80 university departments focused on climate change research and development. Peter Bishop, London Development Agency Director for Design, Development and Environment, said: 'Establishing London as the leading low carbon city is an ambitious but feasible aspiration. 'By responding to climate change, we can attract major long-term investment, create new jobs and address the needs of some of the most vulnerable Londoners through our new energy efficiency programmes.' www.ey.com/uk

Spanish companies in renewable energy and water desalination
This report from the Spanish Trade Commission features a short profile of the companies that are already in Australia, as well as those wishing to establish themselves soon. Most of these companies have additional branches that may include other sectors and activities, however, within the Renewable Energy Sectors and Water Treatment and Supply the focus is on wind power, solar power and water desalination, as it is believed these sectors have a greater potential for development in Australia. Also the European Future Energy Forum (EFEF) will be held in Bilbao (Spain) from 9-11 June 2009. This event will be Europe's largest exchange of knowledge on future energy solutions and it will bring together more than 5,000 manufacturers, investors and technology providers from around the world for an industry showcase of the latest developments in future energy technologies. www.europeanfutureenergyforum.com, www.bilbaoexhibitioncentre.com/portal/page/portal/EUROPEAN_FUTURE_ENERGY_FORUM, australia.oficinascomerciales.es

Link water, energy and climate in global talks, business urges
Istanbul, 19 March 2009 - Business leaders from some of the world's biggest companies called for water, energy and climate change to be linked in global negotiations, such as the international climate talks due to culminate in Copenhagen in December. The business leaders were speaking at the launch of a report by the World Business Council for Sustainable Development at the 5th World Water Forum in Istanbul. The forum is expected to produce a ministerial statement calling for proactive policies on water issues. "Water is everybody's business. It is used to generate energy, and energy is used to provide water. Climate change will affect the use and availability of both. It is important that we get the policies right," said Bjorn Stigson, president of the WBCSD. Joppe Cramwinckel, sustainable development leader at Royal Dutch/Shell, which led the development of the report, said: "Governments, industry and society need to work together to start to address these systems - water, energy and agriculture - in a more strategic and integrated way." The report includes 25 case studies showing how business is already linking water, energy and climate across their operations. www.wbcsd.org/includes/getTarget.asp?type=d&id=MzM3NTI

Oxford Sustainability Programme
A new three-day programme from the Saïd Business School, University of Oxford, provides practical leadership tools to enable senior executives to harness the sustainability agenda for the future of their organisations. The Saïd Business School is dedicated to developing a new generation of business leaders and entrepreneurs and conducting research not only into the nature of business, but the connections between business and the wider world. The Oxford Sustainability Programme, draws on the University of Oxford's strengths across a range of subjects, including climate change, innovation, ethics, enterprise and the environment. The programme has a strong environmental bias, but is primarily a leadership course designed to enable decision-makers to transform their thinking and practice in order to create a sustainable future for their organisations and the organisations they work with. The programme, from 14 - 17 June and from 8 - 11 November 2009 will be run by globally-recognised experts in the field of sustainability, including Professor Steve Rayner of the Oxford Institute for Science, Innovation and Society and Sir David King, Director of the Smith School for Enterprise and the Environment. www.sbs.oxford.edu/sustainability or email liz.greer@sbs.ox.ac.uk

Welcome to new EBA members

Deutsche Bank AG
Deutsche Bank is a leading global investment bank with a strong and profitable private clients franchise. Its businesses are mutually reinforcing. 80,456 employees in 72 countries. Unparalleled financial services throughout the world. A leader in Germany and Europe, the bank is powerful and growing in North America, Asia and key emerging markets. www.db.com

Carbon Training International
Carbon Training International is a professional carbon management training organisation led by some of the best climate change and carbon risk management specialists and instructors in Australia. Through facilitated workshops, accredited courses and coaching programs, CTI enables organisations to mitigate the risks and seize the opportunities of a low carbon economy. CTI - building carbon responsive workforces. www.carbontraininginternational.com

Green Collar Consulting Solutions
GreenCollar Group brings together a global network of entrepreneurial spirit and environmental consciousness. GreenCollar operates in two key areas within the Asia Pacific market: as a leading executive search and recruitment firm in the emerging "green collar" sector (GreenCollar Talent) and as an advisory consulting firm focused on climate change and carbon management strategy (GreenCollar Climate Solutions). Our team members have expertise in sourcing and securing permanent, temporary and contract staff in the following sectors: Carbon trading, project development, CDM/JI projects; Executive management and senior finance; Policy development, advisory and communications; Renewable energy, technical and functional engineering and design; Environmental, EIA and sustainability; Technology (trading platforms, analytical services, software design and deployment, etc); Risk management, audit and compliance; Scientific research and development; Business development, marketing and sales. www.greencollargroup.com.au

Korea Business Centre (KOTRA)
Korea Business Centre Sydney, an overseas branch of Korea Trade-Investment Promotion Agency (KOTRA), has been committed to promoting mutual prosperity between Korea and Australia by facilitating international commerce and investment since its foundation in 1968. The Internet has redefined the concept of national borders, accelerating the integration of the global market. The free flow of goods, capital and labor among countries is driving the fierce global competition that presents enormous opportunities as well as great threats. Today, it is such intangible values as human knowledge and creativity that count most, and it is in these areas that Koreans have immense potential. In meeting these changes in the global economic environment, KBC Sydney stands ready to help our Korean and Australian customers overcome the challenges. Our worldwide network combined with our Internet homepage enables current and prospective business partners to be in close contact with us 24 hours a day, seven days a week. www.kotrasydney.org.au

Intelligent Pathways
Intelligent Pathways is an Australian owned IT company specialising in internet-based software and support services. Intelligent Pathways uses its extensive project experience to design and deliver enterprise solutions with immediate, measurable and tangible results. Included in Intelligent Pathways extensive portfolio of off the shelf software solutions is 'Carbon Insight', an emissions and energy management tool which guides users through the complex process of emissions monitoring and reporting. Carbon Insight is a simplified data management solution for both consultants and managers responsible for business and environmental reporting. www.intelligentpathways.com.au

MBD Energy limited
MBD Biodiesel Limited ("MBD") was established in 2006 with private funds. MBD was created to develop sustainable green alternatives to fossil fuels by producing biodiesel for transport and industry use as a partial or full replacement of fossil diesel. MBD is in the process of building a vertically integrated biodiesel company based on algal oil as feedstock. The by-product algal cake will provide a protein rich meal similar to soy meal to livestock and aquaculture. MBD is developing an algae feedstock based on the key ingredients of waste CO2, derived from gas or coal fired power stations and, where available, nutrient enriched surplus waste water. As a consequence MBD would not be reliant on traditional feedstocks derived from vegetable oils and grains that require large areas of farmland and significant volumes of water in order to sustain them. This approach has the potential to provide a viable approach to coal flue gas sequestration (the removal of carbon from the energy system) by actively providing a cycle for carbon to be reintroduced or re-absorbed) into the energy cycle. The project has the potential to significantly mitigate the climate change potential presented today by Australia's power stations. In addition the biodiesel produced will substantially augment Australia's current diesel consumption of circa 15 billion litres per annum. www.mbdenergy.com

Soil Carbon (Australia) Pty Ltd
THE PROBLEM: An increase in carbon dioxide levels in the air, contributing to global warming.

THE SIMPLE SOLUTION: Put the carbon back in the earth where it belongs. Degraded soils can store up to 5 times more organic carbon in their surface layers than they currently hold if the soil management approach changes. Through the application of these types of management methods, Soil Carbon Australia can make an impact on global warming.

THE NATURAL SOLUTION: Carbon is naturally sequestered in topsoil via biological processes surrounding actively growing roots of pasture grasses and cereals. Encouraging these processes is cheap, efficient, and ecologically beneficial.

THE ACHIEVABLE SOLUTION: Soil carbon levels can be increased by adopting forms of carbon farming, including time-controlled grazing management, pasture cropping and biologically beneficial farming practices.

www.soilcarbon.com.au

Diary of Events

China Green Business Summit 2009, Beijing 13-15 May. A focus on CDM and Water. See www.cfeci.com/cgbs2009

Sustainability and Business Growth Summit, Darling Harbour, Sydney, 22-23 May. See www.chillimarketing.com.au

World Business Summit on Climate Change - 24-26 May 2009. Copenhagen. www.copenhagenclimatecouncil.com/world-business-summit.html

Queensland Environmental Law Association Conference, 27-29 May 2009, Gold Coast. email info@qela.com.au

2009 Country Energy Primex, 11-13 June, Casino, NSW www.primex.net.au

Climate and Clean Energy Week, Manila, 15-19 June 2009. Including 4th Asia Clean Energy Forum 2009, Asian Development Bank, preceded by a High-Level Dialogue on Climate Change in Asia Pacific. register online - http://mms.adb.org:8000/form/event.php?id=22 Green Building/Green Cities Expo, in conjunction with the China Ministry of Construction's 14th Annual Trade Show and Conference - 18-20 June 2009, Beijing International Exhibition Center. Email info@ecoexpo.com or see www.ecoexpo.com

Carbon Markets Asia. Kuala Lumpur 23-24 June 2009. The 5th annual Carbon Markets Asia. www.greenpowerconferences.com/carbonmarkets/carbonmarkets_asia09.html

Wind Power Asia - 8-10 July 2009. Beijing, China www.windpowerasia.com

Clean Energy Expo China - 8-10 July 2009. Beijing, China www.cleanenergyexpochina.com

The Financial Review Cutting Carbon Conference 2009: Managing business into a cleaner economy. 23 July 2009, Hilton on the Park Hotel, Melbourne. www.afr.com

EBA Forum - Wednesday 29 July, Sydney or Brisbane

EBA Forum - Wednesday 19 August, Sydney

Clean Energy Expo Asia, 16-18 September 2009, SUNTEC Singapore - www.cleanenergyexpoasia.com - in partnership with the Asian Development Bank (ADB) and Sustainable Energy Association of Singapore (SEAS).

12th International Riversymposium, 21-24 September 2009. www.riversymposium.com

Climate Change Adaptation Information Sharing Forum, 22 September 2009, Canberra. Call for presentations open until 30 June 2009. Email admin@securityresearch.org.au, www.homelandsecurity.org.au/files/Events/Climate_change_adaptation_forum.pdf

EBA Forum. Wednesday 23 September, Melbourne.

EBA Forum. Wednesday 21 October, Sydney.

CARBON MARKET EXPO AUSTRALASIA 2009, 26-28 October (TBC), Gold Coast, Queensland co-sponsored by EBA.

CSR Asia Summit 2009. Kuala Lumpur 27-28 October 2009. www.csr-asia.com

EBA Annual General Meeting, Wednesday 4 November, Sydney.

Global Eco Asia Pacific Tourism Conference, 9-11 November 2009. Alice Springs.

UNFCCC, Conference of the Parties COP 15, Copenhagen. 7-18 December 2009.

Perspective

Vision and strategy still needed
By Fiona Wain, CEO, Environment Business Australia

President Obama said recently "The nation that leads the world in creating new energy sources will be the nation that leads the 21st century global economy. America can be that nation." Australia could maybe have a crack at it too. But we need a bit more strategy and a few less politically expedient tactics.

The revised CPRS announced by Prime Minister Rudd goes some way towards this. High on the positive side, emissions cuts of 25% by 2020 (seen as the barest minimum necessary by climate scientists, environmentalists and green industry) are finally back on the table, a move that is strongly supported by Environment Business Australia. But this 25% is conditional on the world moving to a trajectory that will reduce atmospheric greenhouse gas concentrations to below 450 parts per million (ppm) CO2-e by 2050. Concentrations are already above 455 ppm CO2-e.

Australia may have regained some credibility going into international negotiations by setting an aspirational 25% target that will support the Obama administration's new approach. But our 'conditionality' does not match the UK's goal of 34% cuts by 2020.

This is not quite the level of vision and leadership that will help make the transition to a low carbon economy and in the process build new markets, new industries and new jobs. Critically, the developing world, led by China and India, may not see it as sufficiently bold or committed to bring them closer to the negotiating table.

Of immediate concern is that the CPRS package seriously underplays the fundamental issue of flows and stocks of greenhouse gases - the next two years are pivotal to reducing both speed of emissions and atmospheric concentrations. Trying to play catch-up by doing more later will be like trying to tell a drowning man with lungs full of water to put his snorkel mask back on.

Realistically, there is now a three year delay before Australia's unconditional target of 5% cuts in greenhouse gas emissions kick in. This is because of the fixed price of $10 from 2011 to 2012 (carbon is trading international above that rate in spite of the global financial crisis).

While some short-term comfort may be given to energy intensive and trade exposed businesses, the major problem with the original and the revised CPRS is the lack of connection between the target and the commercial mechanisms to deliver the outcomes needed. Banks and major fund managers who may be considering investment in major carbon reduction infrastructure projects are just not excited. It is not so much 'certainty' that they are looking for as confidence that their risk exposure will be matched with real commercial upside.

There are huge opportunities in transition. An analysis commissioned by the British Government says that the global low carbon and environmental goods and services sector is a $Aus 6 trillion industry (2007-2008 figures) with the Australian market worth approximately $60 billion.

Imagine - by 2030, as well as having baseload electricity provided by renewable energy, Australia could be a regional hub for minerals processing and manufacturing with 'mega clean energy plants' fuelled by geothermal, solar thermal, marine and wind energy. It's happening elsewhere - for example geothermal energy in Iceland is attracting major investment for aluminium smelting. The Renewable Energy Target of 20% by 2020, highlighted by the Prime Minister, is important but will need to be extended if we are to make full use of Australian ingenuity to bring our immense sources of renewable energy to commercial scale infrastructure.

Another area where Australia could contribute significantly to a low carbon future is by drawing down and sequestering 'legacy' atmospheric carbon via crops, grasses, forestry and native vegetation as well as improved rangeland management. This would help replenish our degraded soils - improving food production at the same time as giving farming communities a positive stake in carbon trading.

Still largely untapped is Australia's ability to recycle materials, embodied energy, food waste and carbon emissions. Projects to capture greenhouse gases at source (from coal fired power stations for example) could, via algae synthesis, produce clean energy, fuel, animal feed and soil fertiliser. Unfortunately the CPRS is still prescriptive about carbon capture and geological storage (CCS) which has been given the research funding 'tick of approval' while biological sequestration is deemed non-compliant. This may turn out to be a 'picking losers' approach as we do not yet know whether CCS can be brought to sufficient scale in time, at comparative cost and safely. This is not to suggest that CCS shouldn't be trialled, of course it should, but it should not be given priority over other scalable approaches.

The new energy efficiency initiatives take us in the right direction but they are not adequate to fill the gap created by the 12 month delay and price cap. The Carbon Trust is an excellent program for households but a vehicle is needed to harness the efficiency and productivity gains available from industry, transportation and the built environment. There are immense GHG and cost savings that could be made with an energy efficiency catalyst investment of $1 billion for the top 2,500 companies and making free permits conditional on a company implementing all their potential energy savings projects that have a 4 years or less payback period. Structural adjustment rather than 'compensation' should be the policy objective.

These commercially viable abatement and mitigation solutions can be fast-tracked alongside the CPRS - we do not have to lock in an 'either/or' approach. What is vital is that we use the next 3 years to drive innovation deployment and business transformation. Rather than taking sides 'for or against' the CPRS, a better approach would be to develop a complementary transition strategy with a broad portfolio of policy levers.

So, Prime Minister, let's be brave and tackle together the two major problems we face. After all, climate change and the global financial crisis have similar root causes. Globally we have ignored 'value' and embraced perverse subsidies, short-term interests and greed which have inflicted massive collateral damage on our 'commons'. Artificially deflated prices for fundamentals like energy and water need to be corrected and tomorrow's solutions must not be constrained by yesterday's imperatives.

In the words of Andrew Simms, author of Ecological Debt, "Economics becomes redundant if it can rationalise an exchange that sells the future of mankind."

We can do better. Yes we can.

Disclaimer: This newsletter is only for general information and is not to be taken as a substitute for specific advice. We accept no responsibility for any person who acts on the contents of this newsletter.