Australian and New Zealand businesses can use the UK’s Net Zero Innovation Handbook to solve decarbonisation challenges
Developed by the UK’s Digital Trade Network, as part of its 2022 Net Zero Innovation Mission, this Net Zero Innovation Handbook will build on the climate pact developed at COP26 in Glasgow.
As the net zero mission transcends borders, UK climate tech companies that have innovative solutions will be able to connect with organisations in Australia and New Zealand to decarbonise international business and innovation.
Engaging with over 600 organisations in Australia and New Zealand, this scheme was launched in Sydney by the UK’s International Trade Secretary, the UK Government, in partnership with PwC and Tech Nation.
“This Net Zero Handbook will match UK expertise with net zero challenges faced by Australian and New Zealand businesses – a shining demonstration of green trade acting as a force for good.”
What are the key net zero challenges in business?
By highlighting UK solutions to net zero challenges, the Mission will connect UK, Australian and New Zealand firms to facilitate collaboration across these priorities.
The Net Zero Innovation handbook is to include digital carbon accounting, emissions capture, and Scope 3 supply chain emissions reporting.
Following the UK’s Presidency of COP26 in 2021, which brought together government and industry through the UK’s ‘Race to Zero’ Campaign, where a collection of organisations made new commitments to reach ‘net zero’ emissions and accelerate their decarbonisation – net zero has been put at the forefront of innovation both nationally and internationally.
Why the UK?
The UK is at the forefront of a global boom in green innovation investment.
Across the country, Tech startups have seen a 210% growth in investment every year, as well as a burst in climate technology companies receiving venture funding than any other European country.
Additionally, the UK’s Green Industrial revolution has also generated a pathway for green innovation, having already mobilised £12 billion in government investment, with potentially up to 3 times as much from the private sector.
UK Secretary of State for International Trade Anne-Marie Trevelyan said: “The UK was the first major economy to make achieving net zero emissions by 2050 a legal obligation. There are huge opportunities for businesses to lead the charge and support growth.
“Indeed, between 1990 and 2019, the UK economy grew by 78% while our emissions decreased by 44%. This is the fastest rate in the G7 and shows that green growth is possible.
“This Net Zero Handbook will match UK expertise with net zero challenges faced by Australian and New Zealand businesses – a shining demonstration of green trade acting as a force for good.”
Transforming partnerships between the UK and Australasia for COP27
British Consul General and Deputy Trade Commissioner Asia Pacific (Australia & New Zealand), Louise Cantillon said: “This handbook is an incredibly informative tool which demonstrates key areas for UK-Australia and UK-New Zealand partnerships and collaborations so together we can greenify our industries and reach our net zero targets.
“I encourage Australian and New Zealand companies seeking sustainable solutions to speak to the UK in Australia team so we can connect you with UK expertise.”
“The UK has innovative solutions across the clean growth economy and an unwavering commitment to the green revolution. Over the next six months, we will build on this initiative by facilitating match making opportunities between UK, Australian and New Zealand businesses.
“I encourage Australian and New Zealand companies seeking sustainable solutions to speak to the UK in Australia team so we can connect you with UK expertise.”
