The renewable electricity will be purchased in the form of large-scale generation certificates (LGCs) to be voluntarily surrendered to the Clean Energy Regulator, increasing from five percent in 2024 to 35 per cent in 2030, in addition to compliance requirements under the Renewable Energy Target.   

Port Waratah CEO, Hennie du Plooy, said “Many stakeholders are interested in our emissions profile and as a result we recently developed a Climate Action Plan. 

“Our Climate Action Plan identifies our target to reduce our total scope 1 and 2 (market-based) emissions by 50 per cent by 2030 compared to a 2018 baseline and the strategies to achieve this. The new electricity contract which includes the progressive purchase and surrender of LGCs is one of those strategies specifically aimed at reducing our Scope 2 emissions profile. 

“Grid purchased electricity comprises 99 per cent of total energy consumed at Port Waratah and is primarily used to operate our plant and equipment. Our other emission reduction efforts are focused on continuously improving electricity efficiency and transitioning to a low-emission vehicle fleet.” 

Find out more about our Climate Action Plan and role in energy transition through our website at pwcs.com.au/environment/climate. 

About Our Climate Action Plan & New Electricity Contract 

The 2018 year was selected as the baseline for our Climate Action Plan as it best represents a period of operational stabilisation following multi-decadal growth in capacity, throughput and energy demands.  

LGCs are the Electricity Industry’s unit of renewable generation. Each LGC is equal to 1 MWh of output from a commercial renewable energy source.  

Port Waratah has adopted market-based emissions accounting using LGC purchases of accredited renewable energy via a seven-year fixed term Power Purchase Agreement with Origin Energy. 

Each year we report our energy consumption and emissions to the Federal Government’s Clean Energy Regulator, with our data publicly available via their website, cleanenergyregulator.gov.au and summarised in our Sustainability Report.