Enhar submitted our views on the Federal government’s Emissions Reduction Fund draft legislation. We argue that Australia’s carbon emissions should be cut by 19% by 2020 in line with the government’s own Climate Change Authority recommendations rather than the insufficient 5% set by the Coalition. Therefore the Fund legislation should allow flexibility for the reduction goal to be increased. Nonetheless, Enhar will assist clients to develop lowest cost emissions reduction projects and to benefit from the Emissions Reduction Fund as soon as it launches. To read our full submission Click Here.
Our Conclusions are:
The Emissions Reduction Fund is an inadequate replacement for the Clean Energy Package. It’s emissions reduction target of 5% is too low and should be increased to 15% or 19% by 2020 as recommended by the Climate Change Authority.
In terms of delivering the 5% target through the Emissions Reduction Fund, the existing and recent schemes such as the Clean Technology Investment Program should be leveraged.
The ERF should encourage good quality and viable projects and avoid the risk of reverse auctions leading to loss-leading projects.
A streamlined application and administration process should be established with staffed offices in each State and Territory.
From 1st July 2014, Enhar will assist clients to plan and implement successful projects within the ERF and any similar future schemes which emerge at State or Federal level.
With our clients we will continue to create successful energy efficiency and renewable energy outcomes under any policy and regulatory environment.