The Clean Energy Regulator has just released the results of the first Emission Reduction Fund (ERF) Auction held last week (15-16 April).
The Clean Energy Regulator has just announced the date of the fifth (and maybe final) ERF auction – Wednesday 5 April 2017 and Thursday 6 April 2017.
Of the original $2.55B fund, around $400M remains and this could possibly be the last auction (depending on price and volume bid). The Turnbull Government is still yet to commit to any further funding of the ERF at this point in time.
Currently, certain large energy users are excluded from the Victorian Energy Efficiency Target (VEET) scheme, but this is may change from as early as 1 January 2017. Public submissions regarding the proposed changes are open until 13 July 2016 – consultation documents, including the option paper for including large and users and proposed methods are available here.
Following the Victorian government commitment to strengthen the Victorian Energy Efficiency Target (VEET), the Department of Economic Development, Jobs, Training and Resources has undertaken external economic modelling on four different target options, these being: 5.4, 5.6, 5.8. and 6.2 million Victorian Energy Efficiency Certificates (VEECs) per year. In a briefing given yesterday, the department presented the results that a target of 5.6 million VEECs a year between 2016 and 2020 was predicted to deliver the largest net benefit.
The Government's Emissions Reduction Fund provides a revenue stream to successful projects after emissions reductions have been verified. However, many projects will require significant upfront capital to get started. In light of this the NAB, with support from the Clean Energy Finance Corporation, are offering an Energy Efficient Bonus to Equipment Finance Loans.
Ndevr Environmental welcomes Katherine Simmons to the team!
So, here are a few NGERs related updates to note:
The Clean Energy Regulator has announced the second Emissions Reduction Fund auction for carbon abatement contracts will be held on the 4th and 5th November 2015.
The Facilities method is applicable to organisations currently reporting under the National Greenhouse & Energy Reporting Scheme (NGERS), and provides a high-level, activity-neutral framework to calculate abatement from facilities. It is functionally consistent with the intent of the Industrial Electricity and Fuel Efficiency (IEFE) method.
The anxiously awaited details of the “stick” component of the Federal Governments Direct Action Plan were released yesterday for public consultation, including the Rule, Regulation, Audit Determination and associated explanatory statements.