AGL Energy (AGL) is one of Australia’s leading integrated energy companies and largest ASX listed owner, operator and developer of renewable generation. AGL operates across the supply chain and has investments in coal-fired, gas-fired, renewable and embedded electricity generation, upstream gas production and provides energy solutions to over 3.6 million customer accounts.
AGL accepts the Intergovernmental Panel on Climate Change (IPCC) conclusion that the risks associated with climate change are reduced substantially if warming is limited to less than 2 degrees Celsius above 2 pre-industrial levels.
AGL believes that decarbonisation is a fundamental imperative that will drive the future of energy generation in Australia.
Whilst electricity generation currently accounts for approximately one third of Australia’s greenhouse gas emissions inventory and represents the single largest source of domestic emissions, technological substitutes to fossil fuels are available and increasingly cost effective. Electricity generation also has the potential to facilitate emission reduction in other sectors, notably transport with electrification powered by renewable energy.
AGL is committed to playing a leading role in developing a pathway to a modern, decarbonised generation sector.
AGL is also committed to responsibly engaging with all our stakeholders (customers, investors, communities, policymakers and employees) to develop a shared understanding of the best ways for Australia to reduce its GHG emissions.
As our Greenhouse Gas Policy elaborates, we have made a strong commitment to a range of measures that will drive the decarbonisation of the energy sector. This policy underpins our multifaceted approach to climate change and its associated risks.