Partnering to drive change
Agriculture is an important component of the Australian economy, with the country’s 85,000 farming enterprises producing approximately $A60 billion worth of goods each year1. With the sector responsible for approximately 13 per cent of the country’s total emissions, reducing its emissions intensity will be important if Australia is to meet its commitments under the COP 21 Paris Agreement2.
In 2018, MIRA joined with the CEFC, an Australian government specialist clean energy financier, and the CSIRO, a world-leading scientific institution, to form the Energy, Emissions and Efficiency Advisory Committee (3EAC). The first-of-its-kind initiative was borne out of a common aspiration from all parties to support innovation and embed sustainable farm management practices across the industry.
Using its extensive portfolio of agricultural assets to pilot and prove up new technologies and processes, MIRA is supporting the 3EAC as it seeks to demonstrate that low emissions and climate adapted farming can be conducted without compromising objectives and returns. In doing so, it is hoped that the 3EAC led initiatives will help pave the way for future investments in the currently capital constrained sector and help reduce the overall emissions intensity of agriculture in Australia.