1. Introduction
Net zero industrial precincts (NZIPs) are a major opportunity to ensure industries – and the communities they support – remain competitive in a decarbonised world.
NZIP strategies are coordinated approaches to accelerate clean industry and energy that work by clustering investment in renewable energy and low-carbon technology.
They have significant cost and workforce advantages over a piecemeal ‘project-by-project’ approach and allow costs, risks and benefits to be shared.
The idea is to enable industries that provide low-carbon products the world will need in a net zero global economy.
NZIPs can attract new industries, stimulate green exports, build enabling infrastructure, increase skills development and decarbonise emission-intensive industries with a place-based investment approach.
What we are doing
Climateworks Centre’s Net Zero Industrial Precincts program aims to catalyse the development of net zero industrial precincts in Australia and Southeast Asia through deep collaboration with relevant government and industry stakeholders.
2. Related resources
New program to transform industrial zones launches in Ho Chi Minh City
Climateworks Centre has launched a new program to facilitate the establishment of net zero industrial precincts in Vietnam. This follows an MOU signed by Climateworks and Ho Chi Minh Institute of Development Studies on the sideline of Ho Chi Minh City Economic Forum (HEF).
Playing to industrial strengths to lead green supply chain
Vietnam’s rise to middle-income country status has been almost singular in its pace, typified by three-fold growth in per-capita GDP over the past 20 years and an 11 per cent decline in the poverty rate in the last decade alone. Vietnam’s highly trade-oriented development – which last year grew nearly four times the middle-income country average – has been increasingly driven by energy-intensive manufactured goods and industrial products. Industrial transformation is a critical imperative for Vietnam’s long-term economic viability and competitiveness.
Pathways to industrial decarbonisation: Positioning Australian industry to prosper in a net zero global economy
In 2023, there is international accord that urgent action is required to reduce emissions in line with Paris Agreement goals and limit warming to below 2°C, and preferably to 1.5°C.
Place-based approaches can help industrial regions decarbonise quicker – here’s how
Decarbonising Australia’s industrial sector will be essential for Australia to reach net zero.
Brief for policy-makers: Renewable energy industrial precincts
Australia’s industrial regions play an essential role in the nation’s economy.
Submission to the Department of Climate Change, Energy, the Environment and Water’s consultation on the Powering the Regions Fund
Climateworks supports the government’s creation of funds such as the Powering the Regions Fund to support rapid economic transition to a net zero emissions economy.
Renewable energy industrial precincts explained
Renewable energy industrial precincts (REIPs) are a promising way to reduce emissions and protect Australia’s future by decarbonising existing industries and attracting new ones to regional areas.
