Emissions Reduction Fund Update

Latest updates

posted 20 July 2015

Transition of Carbon Farming Initiative methods to the Emissions Reduction Fund

Following public consultation, 10 Carbon Farming Initiative methods transitioned to the Emissions Reduction Fund on 1 July 2015. These methods have been updated to ensure they are consistent with the Emissions Reduction Fund legislation, easy to use and streamlined.

The remaining 16 CFI methods have been superseded and were revoked on 1 July 2015.

There is no reduction in the scope of activities eligible under the Emissions Reduction Fund as a result of the transition process: an increasing range of methods are now available to capture emissions reduction opportunities across the economy.

posted 6 July 2015

Commercial and Public Lighting method released

The Commercial and Public Lighting method allows businesses and local councils to reduce emissions by upgrading lighting systems. The method supports projects in a broad range of building types, including offices, shopping centres, hospitals and schools. Local councils could also use the method to upgrade their street lights, traffic lights or lighting for public spaces.

Applications for projects using this method may be made to the Clean Energy Regulator.

posted 19 June 2015

Draft energy efficiency method open for consultation

The High Efficiency Fan Installations draft method covers projects that reduce emissions by installing highly efficient fans that use less electricity than fans of average efficiency. The draft method applies to fans in refrigeration systems, such as refrigerated cool rooms; or ventilation fans in commercial and industrial buildings, such as those found in underground car parks and the common areas of residential buildings.

Comments are being sought on the draft method until 9 July 2015.

posted 12 June 2015

New methods released

Landholders and cotton growers will be interested in two new methods released for use under the Emissions Reduction Fund.

The irrigated cotton method aims to reduce emissions by improving the efficiency of synthetic nitrogen fertiliser use in irrigated cotton production. The method provides cotton growers with flexibility to select a broad range of management actions to achieve emissions reductions.

The reforestation and afforestation method allows for reforestation of cleared land and afforestation on land where no forests previously existed in order to store carbon, reducing carbon in the atmosphere.

posted 12 June 2015

CER releases fact sheets on aggregation and legal right

With requests being made for more information on aggregation and legal right, the Clean Energy Regulator has released fact sheets to offer some simple guidance.

posted 12 June 2015

ASIC updates regulatory guidance

The Australian Securities and Investments Commission has updated Regulatory Guide 236, ‘Do I need an AFSL to participate in carbon markets’ following changes to the structure and regulation of carbon markets in Australia.

The updated guidance provides technical information for carbon market participants - in particular, carbon abatement project developers and aggregators - to assist them to operate their businesses in compliance with the financial services laws.

Any person considering entering into an aggregated arrangement under the Emissions Reduction Fund should obtain their own independent legal and financial advice with reference to their own circumstance.

posted 12 June 2015

Transition of Carbon Farming Initiative methods to the Emissions Reduction Fund

Consultation is under way on the transition of nine Carbon Farming Initiative methods into the Emissions Reduction Fund. The transitioning methods will be updated to ensure that they are consistent with the Emissions Reduction Fund legislation, easy to use and streamlined.

As part of this transition process, 17 superseded Carbon Farming Initiative methods are proposed to be revoked. It is intended that there will be no reduction in the scope of activities eligible under the Emissions Reduction Fund as a result of the proposed transition process.

posted 23 April 2015

First auction results

The Clean Energy Regulator has awarded contracts to the value of $660 million following the first Emissions Reduction Fund auction. The successful contractors have committed to deliver over 47 million tonnes of abatement, with an average price of $13.95 per tonne of abatement.

The 107 carbon abatement contracts were awarded to 43 contractors covering 144 projects. The majority applied under sequestration methods and landfill and alternative waste treatment methods.

For an overview see the auction results fact sheet and for more information visit the Clean Energy Regulator’s auction results page.

posted 26 March 2015

New methods available

Since the March edition, five Emissions Reduction Fund methods were made providing additional opportunities for energy efficiency, wastewater, savanna burning and avoided deforestation projects.

  • The Avoided deforestation method estimates emissions reductions achieved by not clearing land that would otherwise have been cleared.
  • The Aggregated small energy users method reduces emissions created from energy consumption by small energy users such as households or small businesses.
  • The Savanna fire management method aims to reduce the incidence and extent of larger, higher intensity, late dry season fires in northern savannas by burning in the early dry season.
  • The Industrial electricity and fuel efficiency method could benefit owners or operators of (usually large-scale) energy intensive equipment.
  • The Wastewater method could benefit operators of facilities which treat domestic, commercial or industrial wastewater using a deep open anaerobic lagoon.

Applications or variations for emissions reduction projects using these methods can be made to the Clean Energy Regulator.

For more information, please call 1300 553 542 or email enquiries@cleanenergyregulator.gov.au

Previous issues

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ERF Update 2015

ERF Update 2014