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
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.
