True-up process for the free carbon units issued under the Jobs and Competitiveness Program for the 2013-14 FYAug 19, 2014 Written by Ali Mallaki
The Department of Environment released a rule (the Rule) last week which outlines the true-up process of the JCP free carbon units for the 2013-14 financial year.
With the abolition of the Carbon Price, the stage is set for the introduction of the Federal Government’s Emissions Reduction Fund (ERF), a key component of their Direct Action Plan (DAP).
Materiality thresholds for 2013/14 reporting year have changed. From July 2013 Reporters have been required to apply updated thresholds to their data capture and management strategies. The purpose of the changes is to reduce the reporting burden for key materials, namely petroleum based oils and greases, liquid, gaseous and solid fuels.
On 1 July 2014 the Clean Energy Regulator will allow project proponents to register a ‘Notice of Intention’ to participate in the $2.55B ERF. Despite the lack of legislation at this stage, and the events of the past week, projects that will achieve carbon reductions and meet the eligibility criteria can initiate the process to achieve ERF funding.
The latest version of the Carbon Pricing Mechanism’s ‘Liable Entities Public Information Database’ (LEPID) dated 17 January 2014, shows that estimation errors have cost six liable entities over $872,000 in additional carbon costs.
The department has also released a position paper outlining their proposed changes to streamline reporting under the NGERs scheme. The proposed changes aim to cut requirements for reporting uncertainty, create new materiality thresholds for reporting certain types of fuel combustion, facilitate and encourage an increased use of existing streamlining provisions and clarify where reporters under NGERs are able to move between methods of measuring emissions.
National Greenhouse and Energy Reporting (Measurement) Amendment Determination 2013: consultation draftMay 30, 2013 Written by Ali Mallaki
The Department of Industry, Innovation, Climate Change, Science, Research and Tertiary Education has developed a consultation draft to facilitate discussion and obtain feedback on the proposed National Greenhouse and Energy Reporting (Measurement) Amendment Determination 2013 (No. 1).
The Department has also released a discussion paper for New Development Regulations. Under theSecuring a Clean Energy Future Package, the Australian Government announced that new developments and expansion projects would be included in the EEO program. The aim is that projects that meet an energy use threshold when operational will be required to assess the potential for energy productivity improvements from the initial design concept through to commercial operation.
As part of the Full Cycle Evaluation of the Energy Efficiency Opportunities Program, the Department of Resources, Energy and Tourism held public consultations in Brisbane, Perth, Melbourne and Sydney from the 13th to 24th of May 2013.