Concurrent 13. Oral Presentation for: Measuring change in the race to deliver net zero

Abstract

Presented on Wednesday 17 May: Session 13

Worley and Princeton University’s Andlinger Center for Energy and the Environment have been exploring what it will take to deliver the infrastructure necessary to get to the world to net zero by mid-century. We have proposed a new delivery paradigm comprising five shifts in the way we work to meet the challenge of scale and speed. This new paradigm encompasses broadening how value is defined, keeping technology options open, designing one and building many, communicating and collaborating, and enabling and monitoring digitally. In our most recent work, we have turned our attention to measuring and tracking the uptake of this new paradigm by participants in the net-zero infrastructure delivery ecosystem. We propose that to be successful in achieving net zero by mid-century, these five shifts need to be widely adopted by 2030 and to track this, we have developed a set of leading indicators, which we call the indicators of change. Through an annual survey, conducted by Princeton, we will measure year on year just how well implementation of these shifts is tracking. In this paper, we examine the indicators of change in the context of the Australian Oil and Gas Industry. We draw on the results of Net Zero Australia to demonstrate where the opportunities exist for oil and gas. We review where the Australian Oil and Gas Industry is now, where it needs to be by 2026 and what success looks like in 2030 to be a key player in the energy transition.

To access the Oral Presentation click the link on the right. To read the full paper click here