Emissions Reduction Fund
The Emissions Reduction Fund is the centrepiece of the Australian Government’s Direct Action Plan. The Emissions Reduction Fund will work together with other incentives under the Direct Action Plan and the Renewable Energy Target to help Australia meet its target of reducing emissions by five per cent below 2000 levels by 2020.
The Emissions Reduction Fund will provide incentives for abatement activities across the Australian economy.
The Emissions Reduction Fund will have an initial allocation of $300 million, $500 million and $750 million over the forward estimates period.
The Government released a Green Paper on 20 December 2013 outlining design options for the Emissions Reduction Fund. Public consultation on the Green Paper is now closed. Details on the consultation process can be found here: Emissions Reduction Fund - Green Paper consultation.
The submissions are being considered in the development of a White Paper, due for release in April 2014.
Expert Reference Group on the design of the Emissions Reduction Fund
The Government has established an Expert Reference Group to provide high level advice on the design of the Emissions Reduction Fund. The Expert Reference Group will inform the Emissions Reduction Fund's design and provide the Government with expert and practical advice for consideration.
The Expert Reference Group consists of leading industry and academic experts, appointed for their renowned sectoral expertise. The scope of the Expert Reference Group's advice will be governed by the Terms of Reference for the Emissions Reduction Fund White Paper.
The Expert Reference Group will convene regularly until the finalisation of the Emissions Reduction Fund White Paper, due to be released in early 2014.
Download the full membership of the group:
Emission Reduction Fund updates
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