ISF’s work on Sectoral Pathways to Net Zero Emissions for The Net-Zero Asset Owner Alliance (NZAOA) has emphasised the urgency and importance for rapid action towards decarbonisation. Preventing the world’s temperature from increasing past 1.5ºC requires timely climate action by key stakeholders such as policy-makers, industry sectors and financiers alike. On 10 August 2021, the Intergovernmental Panel on Climate Change (IPCC) published the first part (of three) of the new comprehensive Assessment Report 6 about climate. The UN Secretary-General António Guterres described the report as a "code red for humanity.”

This ISF 1.5˚C concept will lead to decarbonisation pathways based on the new IPCC carbon budget to remain under 1.5˚C for Australia and builds on more than three years of research financed by the Leonardo DiCaprio Foundation, Rockefeller Foundation and the European Climate Foundation between 2018 and 2023. Applied to all main industry sectors, this research will present Australia’s most detailed emission reduction targets for the finance industry to implement the Paris Climate Agreement. This event will break down the global and national pathways to recommendations for action.

About the Presenter: Sven Teskr, Institute for Sustainable Futures

Dr Sven Teske is an Associate Professor and Research Director at the Institute for Sustainable Futures, University of Technology Sydney with a research focus on energy decarbonisation pathways for specific industry sectors and regions towards Net-Zero by 2050. Dr Teske has over 28 years’ experience in renewable energy market and policy analysis, as well as solar and on and offshore wind power grid integration concepts in public grids. Dr Teske has published over 50 special reports about renewable energy including as lead author for the IPCC Special Report Renewables (Chapter 10: Scenario analysis), published in 2011.

In August 2022, he published the book ‘Achieving the Paris Climate Agreement Goals -Part 2: Science-based Target Setting for the Finance industry - Net-Zero Sectoral 1.5˚ C Pathways for Real Economy Sectors’. The book is the sequel to the highly successful book ‘Achieving the Paris Climate Agreement Goals - Global and Regional 100% Renewable Energy Scenarios with Non-energy GHG Pathways for +1.5°C and +2°C’, which achieved more than 300,000-chapter downloads between February 2019 and July 2022.

This forum aligns with the following United Nations Sustainable Development Goals (UN SDGs):