Businesses across Australia are innovating to reduce their environmental impact as concern mounts about the effects of climate change.
"I believe in the science of climate change and we are listening to the concerns of our investors and customers," he says.
The energy giant has a further $2 billion worth of projects in the pipeline across the National Electricity Market. Penn says Telstra has invested $61 million since 2011 in improving its energy efficiency by deploying smart energy meters, optimising heating and cooling systems, and improving lighting and fans.Penn says the telco is seeing increased demand for capacity, coverage and faster speeds, which puts pressure on its greenhouse gas emissions.
"We recognise that airlines have a responsibility to cut emissions and combat climate change," he says. "We’ve already made some good progress, especially by investing in newer aircraft that have a much smaller carbon footprint. We’re effectively doubling our carbon offsetting program and we’re capping our net emissions across Qantas and Jetstar from 2020 so that all new flying will be carbon neutral."and its alternative energy business.
The spokesperson for BP says the miner is also "actively exploring" opportunities in Australia’s hydrogen energy value chain which is "a work in progress".The push comes after some business leaders expressed frustration with the government’s failure to back green technology including billionaire tech entrepreneur Mike Cannon-Brookes who has been outspoken on the need for businesses to take action.
"The conversation that is this polemic approach, that we’re doing 'everything or nothing' [on emissions reduction] doesn’t make any sense," says chief executive of Redgrid, Dr Adam Bumpus.
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