Emissions Reduction Fund
The Emissions Reduction Fund is the centrepiece of the Australian Government's policy suite to reduce emissions.
The Emissions Reduction Fund will operate alongside existing programmes that are already working to reduce Australia's emissions growth such as the Renewable Energy Target and energy efficiency standards on appliances, equipment and buildings. The Emissions Reduction Fund will provide incentives for emissions reduction activities across the Australian economy.
How to participate in the Emissions Reduction Fund
The Clean Energy Regulator will begin administering the scheme once legislative amendments start and the necessary legislative rules are made. The Clean Energy Regulator will publish a series of guidance notes in the coming weeks, as well as rules for the auction process and forward dates for auctions.
Parliamentary passage of the Carbon Farming Initiative Amendment Bill 2014
On 24 November 2014, an amended Carbon Farming Initiative Amendment Bill 2014 was passed by the Parliament. The Bill will take effect once proclaimed. This will establish the Emissions Reduction Fund.
Draft Emissions Reduction Fund methods
- Industrial Fuel and Energy Efficiency, Aggregated Small Energy Users, Sequestration of carbon in soil using modelled abatement estimates, and Fertiliser use efficiency in irrigated cotton – consultation period closes 12 December 2014
The Department invites your feedback on community awareness of the Emissions Reduction Fund.
The design of the Emissions Reduction Fund was outlined in the Emissions Reduction Fund White Paper, released on 24 April 2014. The policy positions contained in the White Paper were developed in consultation with business and the community through submissions made in response to the Emissions Reduction Fund Terms of Reference and Green Paper.
The Government consulted on the exposure draft legislation and information about the outcome of this process and non-confidential submissions are available below.
- Emissions Reduction Fund - Legislation
- Emissions Reduction Fund - White Paper
- Emissions Reduction Fund - Green Paper
- Terms of Reference
The design of the Emissions Reduction Fund has also been guided by an Expert Reference Group which provided high-level advice.
Emission Reduction Fund updates
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