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DTSTART;TZID=Australia/Sydney:20260414T120000
DTEND;TZID=Australia/Sydney:20260414T143000
DTSTAMP:20260605T111814
CREATED:20260322T113337Z
LAST-MODIFIED:20260407T003429Z
UID:10008766-1776168000-1776177000@pesa.com.au
SUMMARY:PESA NSW: April 2026 Technical Lunch
DESCRIPTION:Net Zero\nPESA NSW invite you to our technical luncheon. Presented by Max Williamson. The Branch AGM will also be held before the lunch. \nIntroduction\nNet Zero (aka Net Zero Emissions) is a widely used and abused term in today’s environment conscious world. The term has been grabbed by many professions in our developed society to mean many things\, but all about justifying their actions\, pronouncements and member requirements. Industries have been created based on the simple two words. \nQuoting from Wikipedia:\n“The idea of NET ZERO came out f research in the late 2000s into how the atmosphere\, oceans and carbon cycle were reacting to CO2 emissions. This research found that global warming will significantly slow down only if CO2 emissions are reduced to net zero\, although existing greenhouse gasses in the atmosphere will still contribute to continued warming. Net zero was basic to the goals of the Paris Agreement. This stated that the world must “achieve a balance between anthropogenic emissions by sources and removals by sinks of greenhouse gasses in the second half of this century”. The term “net zero” gained popularity after the Intergovernmental Panel on Climate Change published its Special Report on Global Warming of 1.5 degrees Celsius (SR15). This report stated that “Reaching and sustaining net zero global anthropogenic (human caused) CO2 emissions and declining net non-CO2 radiative forcing would halt anthropogenic global warming on multi-decadal time scales (high confidence).”\nTodays realities \nIn Australia alone\, there are copious seminar papers\, technical journals\, comprehensive books etc written by members of various technical\, legal\, accounting\, engineering and environmental bodies including scientists\, professors\, barristers\, lawyers\, chartered accountants and of course journalists. So much is self-promoting care has to be taken to recognise bias and the need to ensure the individuals remain in paid employment or keep their consulting roles. Having said that it is also fair to say there are some seriously well written and technically supported items that deserve attention from members of bodies such as PESA and SPE. \nMeaning it is important to make up your own mind on the correctness and reasonableness of anything out there meant to be influencing or causing changes in society reactions\, laws and investments. \nQuoting from Wikipedia\n“Net Zero claims vary enormously in how credible they are\, but most have low credibility despite the increasing number of commitments and targets. While 61% of global carbon dioxide emissions are covered by some sort of net zero target\, credible targets cover only 7% of emissions. This low credibility reflects a lack of binding regulation. It is also due to the need for continued innovation and investment to make decarbonisation possible.” \nPESA Presentation \nThis PESA presentation about looking at:\n1/ what really is meant by NET ZERO in a legal\, accounting and recording sense for oil and gas operators. More particularly defining both aspects of the costs/debits imposed by emissions on the one hand and the credits such as carbon credits; and\n2/ various positions of the more public participants\, determining any bias factors\, discounting or elevating opinions of relevance.\nWhile it is impossible to ignore politicians and their influencers in this scene\, the intention is to focus away from political rhetoric and focus on realities including real world calculations\, legal obligations and accounting disclosures. \nPESANSWBranch-AGMNotice2026 \nPESA NSW Branch Committee Nomination Form 2026 \nPESA NSW-ACT Branch AGM 2026 -Annual Report for 2025 \nPESA NSW 2025 AGM Minutes
URL:https://pesa.com.au/events/pesa-nsw-april-2026-technical-lunch/
LOCATION:Castlereagh Boutique Hotel\, 169 Castlereagh St\, Sydney\, NSW\, 2000\, Australia
CATEGORIES:NSW / ACT,Technical Lunch,Technical Talk
ORGANIZER;CN="PESA New South Wales":MAILTO:pesa.nsw@pesa.com.au
GEO:-33.872562;151.2089734
X-APPLE-STRUCTURED-LOCATION;VALUE=URI;X-ADDRESS=Castlereagh Boutique Hotel 169 Castlereagh St Sydney NSW 2000 Australia;X-APPLE-RADIUS=500;X-TITLE=169 Castlereagh St:geo:151.2089734,-33.872562
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