The Australian Government's
new Cleaner Environment Plan
forms an umbrella policy framework for a four pillar approach to National Environmental
Management.
· Clean
Air,
· Clean
Water,
· Clean
Land,
Clean Air outlines
the Australian Government’s aspirations to reach its emissions reduction target
(of 5% of Y2000 levels by Y2020) through the Direct Action Plan.
The new Federal
Government has changed Australia's response to climate change from a financial
issue (through a liability for a price on carbon emissions) to an Engineering
problem. The Coalition Government
seeks to source low cost emissions
reductions and improve Australia's environment. This will be done primarily
through the Emissions
Reduction Fund.
The Emissions
Reduction Fund is a central element of the Australian Government's Direct
Action Plan. The Fund will provide financial incentives for emissions
reduction activities across the Australian economy.
Some of the
activities which may receive incentives for abatement activities include:
- re-vegetation
and land management
- soil
carbon
- forestry
- energy
efficiency
- recycling
- cleaning
up power stations
- cleaning
up waste coal mine gas
- cleaning
up landfill.
The Government invites
public comment on Terms of Reference on the design of the Emissions
Reduction Fund by 5pm (AEDT) Monday 18 November 2013.
The Government is seeking business and community views on the design of the Emissions Reduction Fund including:
· the likely sources of low cost, large scale abatement to come forward under the Emissions Reduction Fund;
· how the Emissions Reduction Fund can facilitate the development of abatement projects, including through expanding the Carbon Farming Initiative and drawing on the National Greenhouse and Energy Reporting Scheme;
· the details of auction arrangements to deliver cost effective outcomes;
· the governance arrangements that will support the Emissions Reduction Fund, including the role of key institutions such as the Clean Energy Regulator;
· the details of the monitoring, verification, compliance and payments arrangements for successful bidders at auction;
· transitional issues relating to the existing Carbon Farming Initiative; and
· the design and operation of a mechanism applying to emissions above the business as usual baseline.
No comments:
Post a Comment