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auction

Clean Energy Regulator Chair, Chloe Munro, has announced that the third ERF Auction will be held on 27-28 April 2016. The announcement comes one month after the second  ERF Auction, where 45.5 million tonnes of abatement was contracted at an average price of $12.25. Over the first two auctions, the Government has contracted to purchase nearly 93 million tonnes at a combined average price of $13.10.

The NSW Office of Environment and Heritage (OEH) is offering grant funding to implement gas efficiency projects for businesses using more than 1000GJ (about $30,000) of gas per year. Funding is offered in two stages:

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.

ERF Facilities Method released

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.

2015 Final Standard

The ISO14001 Management System has been under review by ISO Committee ISO/TC207/SC1 since August 2011 and the final version is expected to be released September 2015. The ISO 14001 family of standards provides tools, for all kinds of companies and organisations looking to manage their environmental responsibilities.

 

The second Emissions Reduction Fund (ERF) auction is approaching - if you're preparing an ERF project, be sure to note the following dates in your diaries:

 

Safeguard Mechanism Review

Aug 06, 2015 Written by

The recently released Reputex report “Recapping The Safeguard Mechanism – Toothless Tiger… Or Hidden Dragon?” has analysed the potential for the Federal Governments Direct Action policy to effectively manage Australia's emission growth. Their analysis concluded that the Safeguard Mechanism, as it currently stands, will cover approximately 80 companies and 261 facilities yet only approximately 85 facilities will actually be affected by any compliance obligation.

Second ERF Auction Date Announced

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.

CEFC

It's been widely reported over the last couple of days that the Abbott Government has attempted to cease investment in wind and small scale (roof-top) solar projects that are underpinned by the Clean Energy Finance Corporation (CEFC). Less widely reported however is the fact the Investment Mandate issued by the Government is in 'draft' only at this stage, and that the CEFC has a right of reply. Importantly the Government's Mandate, under the Clean Energy Finance Corporation Act 2012, does not allow them to propose requirements that are against the object of the Act, which reads: "The object of this Act is to establish the Clean Energy Finance Corporation to facilitate increased flows of finance into the clean energy sector".

Emissions Reduction Fund

The Department of Environment has just released a series of fact sheets for certain ERF methods. If you run an industrial facility and have some energy and carbon savings projects in mind, have a look at the following fact sheet as a first port of call.

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