South Australia is turning world leading renewable energy into a world leading green economy.
Globally, the transition to net-zero has been estimated to be a $70 trillion to $100 trillion economic opportunity. This includes shifting the energy mix away from fossil fuels toward zero-emissions electricity and other low-emission energy sources such as green hydrogen. It also requires significant investments in data infrastructure and analytics capability which will underpin opportunities to turn this data into economic value by better accounting for carbon in the economy.
We are undertaking strategic projects related to data and technology, green energy production and agricultural production, and agricultural production including value-adding to waste products.
South Australia's green economy
South Australia’s unique offer:
world-leading green credentials and global leader in wind and solar electricity production
stable government with strong policy frameworks
world-class artificial intelligence and data analytics capabilities
internationally recognised education and research expertise
knowledge-based workforce
'South Australia is a window to the future for green energy system transformation’
Mark Twidell, Director Energy, Tesla
Research and capability in South Australia
The systems and data infrastructure that need to be developed and implemented to deliver a truly green economy are significant and complex and require global collaboration and innovation.
Not one country, company, government or university can develop the whole solution on their own. In recognition of this challenge, South Australia is bringing together some of the world’s best talent from across multiple sectors and companies to develop the trusted solutions that are required to meet this global challenge.
South Australia is home to the collaborative innovation precincts of Tonsley, a member of the Global Network of Innovative Districts, Lot Fourteen that boasts world-leading capabilities in artificial intelligence, machine learning, and data analytics with the Australian Institute for Machine Learning (AIML) and the state has an ongoing partnership with Massachusetts Institute of Technology (MIT) Connection Science.
Turning world leading renewable energy and technological capability into a world leading green economy
South Australia has successfully attracted world-leading technology companies and capabilities in artificial intelligence and machine learning to the state, forming a compelling location for businesses looking to establish themselves in one of the world’s largest growth sectors: net zero services.
Converting net zero solutions into a green economy requires significant data infrastructure, trusted data and data governance, and the ability to turn this data into economic value by accounting for carbon in the economy.
South Australian Government partners with Salesforce on net zero cloud
"South Australia has a great sustainability track record. This world-first collaboration with the South Australian Government will help accelerate the state’s transition to net zero."
Barry Dietrich, GM and SVP | Public Sector APAC
Established in Adelaide, the Indo-Pacific Carbon Accounting Lab focusses on building the systems for accurately accounting for emissions to enable the transition to net zero.
Presenting opportunities to collaborate with like-minded partners, the Indo-Pacific Carbon Accounting Lab brings together industry, government, and researchers to test and deploy next generation carbon accounting standards, systems, and customised net zero solutions.
Improved transparency and accuracy
Focusing on data integrity and the provenance of inputs across the entire supply chain – creating trusted and accurate carbon data.
Cost of capital
ESG risk increasingly apportioned to companies as they seek investment capital or loans. A favourable ESG rating can result in lower cost of capital for governments and companies.
Effectively measure and manage supply chain emissions in near real-time
Improving the use of real-world data will enable better management of emissions through supply chains. Companies will be better able to track changes over time resulting in more accurate and reliable sustainability reporting.
Singapore-Australia Green Economy agreement
The Singapore-Australia Green Economy Agreement (GEA) was signed by Trade Ministers on 18 October 2022. The GEA is a first-of-its-kind agreement that supports Australia's economic, trade, investment, and climate change objectives, with initial work under the GEA spanning seven key areas:
Facts and figures: South Australia leads the world in renewable energy
South Australia is committed to building an economy that is low in carbon, resource efficient and socially inclusive.
The World Economic Forum recognised South Australia in 2021 as having one of the world’s greenest energy systems. In 2022, over 70 per cent of the state’s energy grids needs were met by renewable energy.
