Tech and Climate Action in Australia - SGG And Swiss Re

A collaboration between Australian Southern Green Gas Ltd (SGG )  and  Swiss Re are both committed to tackle climate change through climate action!

They have identified both onshore and offshore basins with the potential capacity to permanently store hundreds of billions of tons of CO2.

Managing Director of SGG ,  Mr Rohan Gillespie says they have built solar powered  “DAC modules” that removes CO2 from the air, delivering negative emissions, essential to achieving Net Zero emissions.

Head of Swiss Re Australia & New Zealand, Sharon Ooi, said the organization's collaboration with SGG aligns with its global commitment on sustainability and net-zero.

Their goal is to 

• Building awareness amongst key stakeholders in Australia of the opportunity for Carbon Removals
• Educating international stakeholders on Australia's world leading potential for Carbon Removals
• Facilitating access to funding for demonstration projects
• Creating consortia of project investors and off-take customers to make projects bankable

"The carbon removal market creates a new ecosystem of stakeholders and needs—and with that comes opportunities to build expertise and commercialize this new risk pool," said Ooi.

“We need to advocate for emissions reduction first, then removal.”

"There will always be emissions from bushfires, hard-to-abate sectors and historic residual emissions, so carbon removal needs to be part of our planning to reduce present day emissions and the carbon built up in the atmosphere," said Mark Senkevics, Head of Property & Casualty Underwriting, Asia, Australia & New Zealand at Swiss Re.

"Our goal is to drive a balanced mix of natural and tech solutions to achieve and sustain the 1.5°C target."

Why we need to deliver negative emissions 

A recent Swiss Re Institute report highlights that achieving net-zero emissions involves building a carbon removal industry capable of delivering negative emissions at the speed (within three decades) and scale (10–20 billion tons per year) that climate science says will be required to enable sustainable living for future generations.

https://techxplore.com/news/2021-09-negative-co2-emissions-aussie-technology.html