We’re committed to the environment
As Australia’s largest integrated electricity generation and retailing company, we recognise we have a special role to play in supporting and enabling the three major forces of change: customer demand, community expectations and the development of technology.
We know what the long-term future of energy will look like.
Electricity from renewable sources, backed by flexible energy storage technologies will power our homes, businesses and vehicles. Energy will be both affordable and smart, and greenhouse gas emissions will be much lower, helping us to tackle climate change. At AGL, we accept the climate science behind this vision.
This is why we’re taking action to responsibly reduce greenhouse gas emissions and manage our environmental footprint, while providing customers with secure and affordable energy. For information about our environmental performance progress, visit our Annual Reports page.
AGL's Climate Statement
By 2050, we believe that Australia has the opportunity to be carbon neutral and an energy superpower. We will play our part in achieving this and target reaching net zero emissions by 2050. This will be realised by Australia generating low-cost power using zero-emissions wind and solar resources, backed up by technologies like batteries, hydro power and, for much of this transition, gas. We believe this will underpin the competitiveness of the Australian economy just as cheap fossil fuels did in the 20th century.
In 2015, AGL committed via its Greenhouse Gas Policy not to extend the life of its coal-fired power plants. Now, as we work towards the full closure of these plants and the Australian economy transitions toward full decarbonisation by 2050, we are expanding our commitments in pursuit of the 2050 net emissions zero target.
Progressing with this vision, our five environment and climate related commitments are showcased below:
Pathway to decarbonisation
We are committed to playing a leading role in developing a pathway to a modern, decarbonised generation sector; and developing and investing in new renewable and near-zero emission technologies. Our most recent achievements are listed below.
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2005-14
2005 - Acquires SouthernHydro.
2008 - Develops Hallett Wind Farms (SA).
2009 - Opens Bogong Hydroelectric Power Station (Vic).
2012 - Opens Macarthur Wind Farm (Vic), the largest wind farm in the Southern Hemisphere; and Acquires the Loy Yang A power station and adjacent coal mine.
2014 - Acquires Macquarie Generation including Bayswater and Liddell power stations. -
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2019
Expanded Virtual Power Plant to allow more customers to enter the program.
AGL closes its first Sustainability Linked Loan (SLL), becoming the first energy company to issue an SLL in the Asia Pacific region.
Generation commences at Barker Inlet Power Station (SA), the first major dispatchable power station since 2012.
Completes a large-scale battery deal with Maoneng in NSW and Dalrymple 30 MW ESCRI battery in SA with Electranet. -
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Greenhouse Gas Report
In accordance with our requirements, we make our monitoring data publicly available.
We're committed to creating energy solutions for the communities of today and tomorrow.