This report analyses the 20 highest emitting electricity generators and energy (electricity and gas) retailers in Australia. These companies account for almost one-third of the country’s total emissions.
This assessment considers specific requirements and opportunities associated with the critical role the energy sector plays in enabling decarbonisation across all sectors of Australia’s economy.
It focuses on Australia’s electricity generators and significant ‘gen-tailers’ – companies that both generate electricity and retail energy to consumers. Collectively, the 20 companies assessed are responsible for 71 per cent of total national electricity generation and account for 89 per cent of Australia’s electricity sector scope 1 and 2 emissions. For these companies, fossil fuels purchased or burnt for the power they generate are a material source of emissions (scope 1 and 2). Where companies also retail gas, we have included this as part of our analysis, as gas retail can be a significant source of indirect (scope 3) emissions when gas is used by their customers.
This report finds none of the companies assessed are fully aligned with the Paris climate goals, and most fall well short of these. Of the energy companies featured in this report, this assessment finds:
- One company – ENGIE – is ‘partially aligned’ based on its 2030 target covering a small proportion of its total emissions
- Fourteen companies – AGL, APT Pipelines, ATCO, C S Energy, CK William, Delta, EnergyAustralia, Origin, Pioneer Sail, Snowy Hydro, Stanwell, Synergy, Territory Generation and TransAlta – are ‘not aligned’ but are taking some steps to reduce their emissions.
- Five companies – Arrow Energy, Bluewaters Power 1&2, NewGen Kwinana, NRG Gladstone Operating Services and OzGen – have not disclosed any emissions reduction activities.