NERA's vision is Australia as a global energy powerhouse, a sought after destination for investment and the leading source of knowledge and solutions.
As Australia’s Industry Growth Centre for the energy resources sector, NERA remains uniquely positioned to assist our sector leverage its geographic advantages and respond to emerging global challenges that will transform the product and technology mix of successful energy resources industries over the coming decade and unlock +$10 billion of new value for the Australian economy.
Since its inception in 2016, NERA has worked to maximise the value to the Australian economy by developing an energy resources sector that is globally competitive, sustainable, innovative and diverse. Our work is assisting the energy resources sector fully and systematically benefit from the huge value to be had from Artificial Intelligence, digitisation and Industry 4.0. The digital transformation process for the oil and gas industry alone has the potential to unlock $1.6 trillion in value for the global industry. And our industry-led initiatives are working to ensure Australia is at the forefront of this opportunity.
Our Sector Competitiveness Plan (SCP) provides a roadmap to unlock that value for the Australian economy, with a strategic focus that involves accelerating the development, commercialisation and deployment of technologies that strengthen Australia's position as a global hub for excellence in energy resources innovation and enhance our global competitive advantage by supporting the development of a world-class supply sector.
Over the next decade, major sector challenges will transform the product and technology mix of successful energy and resource companies globally, particularly the need to invest in digital/data technologies, address climate change, reduce emissions and, increasingly, find competitive alternatives and renewable energy solutions.
NERA is playing a key role in creating the collaboration and innovation connections essential to ensure Australia successfully navigates this transformation.