CMI Update

As we navigate our way out of bushfire and COVID crises, it’s good to turn to climate solutions, technology roadmaps and long-term strategies. We must also focus on Australian and global emission trajectories. Current trajectories have the world heading towards destructive global warming unless we can adequately bend emissions curves for a timely transition to net-zero emissions – managing risks and seizing opportunities along the way.

I’ve been delighted that our COVID inspired or required Carbon Conversations have covered these topics and will continue to go deeper with realistic appraisals and analysis over coming months. It can’t just be talk though. We need further business and policy action to energise the investments needed, and this effort must be integrated with post bushfire and COVID demands.

The Government’s response to ‘the King Review’ of the ERF, and the Technology Investment Roadmap Discussion Paper represent a potential pivot for new conversations and new investments with which CMI will engage its members and the broader public.

It is now confirmed COP26 will be in November 2021. The incoming UK COP26 Presidency released its own roadmap affirming that this new date does not mean a postponement of climate action. It includes calls for countries to “increase ambition by submitting enhanced Nationally Determined Contributions (NDCs) and long-term strategies that chart a path to net zero”. They set out a long list of global and multi-lateral meetings which will see numerous political checkpoints assessing the adequacy of actions, to which you can add the forthcoming August Pacific Island Forum.

Let’s harness our skills of national coordination and common purpose to find a clear path to a prosperous, more resilient net-zero emissions world by 2050.

With support from our growing list of members we can continue to provide these updates and other services. Please see the benefits you’ll receive through Corporate or Associate CMI Membership or as an individual Professional Network Member (tax deductible), this includes access to our recently relaunched Members Portal.

Stay safe,
John Connor
Carbon Market Institute

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