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.

Public consultation

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.

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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News

Draft Emissions Reduction Fund methods on 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 released for...
14
Nov
2014
Draft Emissions Reduction Fund methods on facilities, wastewater treatment and transport released for public consultation. Consultation period closes 12 November 2014
15
Oct
2014
Draft Emissions Reduction Fund methods on commercial buildings and avoided clearing of native regrowth released for public consultation. Consultation period closes 23 October 2014.
25
Sep
2014
Draft Emissions Reduction Fund methods on landfill gas, alternative waste treatment and coal mine waste gas released for public consultation. Consultation period closes 1 October 2014.
03
Sep
2014
On 18 June 2014 the Government introduced to Parliament a bill to implement the Emissions Reduction Fund. The Carbon Farming Initiative Amendment Bill 2014 will expand the Carbon Credits (Carbon Farming Initiative) Act 2011.
18
Jun
2014