Green Economy

Green Economy


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.

DTI’s strategic projects toward a green economy


In accelerating South Australia’s transition to a green economy, the Department for Trade and Investment is 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, and Lot Fourteen that  boasts world-leading capabilities in artificial intelligence, machine learning, and data analytics with the Australian Institute for Machine Learning (AIML) and MIT bigdata Living Lab, one of only three outside the USA.





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:

1.     trade and investment
2.     standards and conformance assessments
3.     green and transition finance
4.     carbon markets
5.     clean energy, decarbonisation, and technology
6.     skills and capabilities
7.     engagements and partnerships.

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 2021-2022, approximately 70 per cent of the state’s energy grids needs were met by renewable energy.


South Australia's energy journey



Source: OpenNEM, DTI analysis, excludes imports/exports, battery charge/discharge cycles, distillates.




* AEMO 2021-22 




2021 share of wind and solar electricity production by region


Source: Enerdata 2021, DTI analysis

Hydrogen



South Australia is well on the way to becoming a world-class supplier of clean hydrogen.


Discover more





South Australia is leading all Australian mainland states in renewable energy with over 68% of energy already produced through wind and solar.
Source: OpenNEM, Contribution to electricity generation by state, period  1 July 2021 to 30 June 2022.

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South Australia's Green Economy
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Let's connect

Angus Mitchell

Green Economy Business Development Manager


Department for Trade and Investment

Contact

+61 439 607 783 Angus.Mitchell@sa.gov.au

Peter Boulton

Business Development Manager - Renewables


Department for Trade and Investment

Contact

+61 438 883 411 Peter.Boulton@sa.gov.au