Australia’s energy system is embarking on a transformation at a scale and rate that is unparalleled.

A ‘business as usual’ trajectory is no longer feasible; the window for the transition is narrowing fast, and the cost of inaction on our economy, communities, businesses and environment continues to compound. The global momentum towards net zero emissions is also rapidly accelerating, which will impact global trade in commodities, technology and services.

Australia must be efficient, responsive and forward-looking if our transition to net zero emissions is to succeed, with as minimal disruption to our economy and society as possible. This also applies to the research sector, which must respond with appropriate research and translation on a time scale reflective of this critical need. A successful energy transition will be one that addresses the energy trilemma: reliable, affordable and reaching net zero emissions, while also placing the wellbeing of society at its centre.