The Department of Industry, Science, Energy and Resources (the Department) is preparing to release an update to the Full Carbon Accounting Model (FullCAM) for public use from 1 September 2020. FullCAM is used to construct Australia’s national greenhouse gas emissions account for the land sector and must be used for some vegetation method projects in the Emissions Reduction Fund (ERF).
The Clean Energy Regulator has released the April 2020 Large-scale Renewable Energy Target market data.
Highlights include:
The Clean Energy Regulator is aware of calls from some stakeholders for an additional Commonwealth government purchasing event to support the Australian carbon market in the wake of the COVID-19 pandemic.
The Clean Energy Regulator has carefully considered whether there is a need for additional support before the next auction in September and is inclined to the view there is not a compelling case to intervene at this time.