News Articles

Considering adjusting your emissions baseline under the safeguard mechanism to cover increased emissions and avoid unnecessary offset costs? This article highlights key dates for applications and audit reports under the safeguard mechanism for facilities applying the calculated baseline approach to determine their baseline emissions number. For detailed information about the safeguard mechanism, including who is covered and how baseline emissions numbers are measured, see our recent blog:  Safeguard Mechanism - What you need to know

 

What You Need to Know

The safeguard mechanism starts this year, and is designed to stop greenhouse gas emissions increasing above 'business as usual' for facilities with high direct emissions. If you’re wondering exactly what this means for your business, you’re not alone. That is why we’ve compiled the following safeguard mechanism “need-to-knows”. Whether you’re responsible for Greenhouse Gas and Energy Reporting, need to update your executive board on safeguard implications for your business, or just want to know more, you’ve come to the right place. This article addresses key questions businesses are asking about how the safeguard mechanism will apply to them, and provides a summary of “need-to- knows” to get you safeguard ready.

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.

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