Australia has enough renewable energy to power the country 500 times over. With South Australia a step closer to unveiling the largest lithium ion battery storage facility in the world, it is clear just how fast we can make the transition to large-scale renewables when the right policy settings are in place and investors have certainty.
More than a decade ago, as the head of BP Australasia I pushed for action on climate change.
At the time many Australian business leaders, global companies, governments and the world's major scientific institutions accepted the science of climate change. As a sector, we wanted certainty. Ten years later and business is still calling for certainty. That is, long-term policies that allow businesses to commit to do the heavy lifting in response to an identified, significant and growing business risk – climate change.