Decarbonising regional economies: Leaders join forces to break down investment barriers 

Tuesday 7 May 2024

Senior leaders in investment, state and federal government, industry, and local community groups will come together in Gladstone, Central Queensland to identify ways to solve regional just transition funding barriers and facilitate timely resourcing to where it is needed most. 

As the global race to decarbonise economies accelerates, Deloitte Access Economics estimates that over $400 billion of private and public investment is required to transform Australia’s emission-intensive economy into a productive, competitive net-zero economy by 2050.

The Gladstone Transition Investor Experience, running from 6th to 9th May 2024, will shine a spotlight on the transition in the Gladstone region. Like other key regions across Australia, Gladstone’s economic ties to emissions-intensive industries present both significant climate-related transition risks and major opportunities to develop and diversify the local economy for long-term resilience and prosperity.

Read more: 

  • In 2022, Gladstone Regional Council worked with The Next Economy to develop the Gladstone Region Economic Transition Roadmap: 10-Year Roadmap 2022-2032.
  • The Federal Government’s recently made a critical minerals project funding announcement, including $400 million in new loans for Alpha HPA’s high-purity alumina processing facility in Gladstone.
  • summary of The Next Economy’s address to a special senate committee hearing on bills relating to the Net Zero Economy Authority.

Participants of the experience will connect around the key issues and opportunities that exist in the transformation of regional economies like Gladstone, through a range of site visits, roundtable discussions, guest presentations, workshops, and networking activities.

The event is hosted by The Next Economy (TNE) in partnership with the Investor Group on Climate Change (IGCC) and the Foundation for Rural and Regional Renewal (FRRR). TNE will publish a summary of key findings and recommendations identified at the event in mid-2024.

Dr Amanda Cahill, CEO TNE, said: 

“Regional communities and industries are increasingly facing complex challenges and opportunities as they navigate the transition to a net zero economy. From developing new industries and technologies to supporting governance and welfare models, government and private investment is critical to setting regions up for the future. 

“The Gladstone Transition Investor Experience connects senior leaders from across government, investment, industry and community to have the meaningful conversations needed to solve funding barriers and facilitating the timely flow of resources so regions can get on with the job.” 

Natalie Egleton, CEO of FRRR, said: 

“Each year, FRRR receives thousands of grant applications, which demonstrates that remote, rural and regional communities want to be in the driver’s seat when it comes to their region’s future. That applies to energy and climate transition too.

“The Gladstone Investor Experience is bringing together key organisations who can help address the challenges that emerge when navigating rural energy transition. We’re delighted to be part of this event and look forward to exploring how different types of funding and investment can help just transitions to occur and ensure that regional communities have a better seat at the table and are engaged in designing the opportunities.” 

We work with communities, governments and industry to build regional economies that are climate safe, regenerative and socially just.

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