The Positive Power Plan
This is the technical and specific language of the seven-point Positive Power Plan.
We call on citizens and industry to support the following statement:
Officially launched by Fortescue at the Asia Pacific Economic Cooperation (APEC) summit in San Francisco, the Positive Power Plan has been informed and supported by major climate policy players including the Lethal Humidity Global Council, the Green Hydrogen Organisation, Futerra, as well as the Global Renewables Alliance.
The Plan outlines the practical steps policy makers and global leaders can take to help mitigate the catastrophic impacts of rising global temperatures.
As industry leaders with deep expertise in project and infrastructure delivery, we have come together to develop a plan for policymakers to greatly incentivize green energy projects, while providing a strong disincentive for the use of fossil fuels.
Our call spans right across fiscal, carbon and trade policy, with policy actions that – when implemented fully – will allow green energy supply chains and ecosystems to be built faster and more efficiently. This is good for jobs, good for economic growth and essential to the health of our planet.
Therefore, we make the following immediate call on policymakers to:
- Achieve real-emissions reductions through deployment of renewable energy, and not by relying on carbon offsets.
- Take down barriers to green energy manufacturing, including by winding back fossil fuel subsidies over this decade to zero.
- Match policy settings to risk by transparently pricing carbon across all jurisdictions, and accordingly set appropriate incentives for green energy and disincentives for fossil fuels.
- Implement country-appropriate incentive schemes for green energy projects, following the example of frameworks like the Inflation Reduction Act (US).
- Implement sovereign and multilateral government guarantees for green energy projects, in particular, green electricity, green hydrogen, green ammonia, with an early focus on Latin America and Africa.
- Commit to free green trade by disassembling tariff and non-tariff barriers to trade in green technologies, fuels and commodities.
- Enhance enforcement of existing environmental laws and acknowledge the growth of international case law establishing a right for future generations to be protected from climate change by policymakers.
