Following the 4 March 2022 announcement on transitional arrangements for Emissions Reduction Fund (ERF) fixed delivery contracts, holders of fixed delivery contracts will have the opportunity to exit their fixed contracts over time with the Commonwealth on payment of an exit-fee.
On 4 March 2022, the Minister for Industry, Energy and Emissions Reduction, the Hon Angus Taylor MP announced changes to Emissions Reduction Fund (ERF) contracts.
See the latest news item published on 9 March 2022 for information on the consultation process, benefit sharing arrangements, and other eligibility criteria.
On 4 March 2022, the Minister for Industry, Energy and Emissions Reduction announced changes to Emissions Reduction Fund (ERF) fixed delivery contracts. Current holders of fixed delivery contracts will now be able to pay an exit fee to be released from fixed delivery obligations to the Commonwealth under a new initiative being offered by the Clean Energy Regulator.
The Clean Energy Regulator will be consulting on the co-design of a new smart phone app to help farmers and businesses manage their land-based Emissions Reduction Fund (ERF) projects.
The new app will help farmers identify areas of land with the potential to store or avoid carbon emissions and save them time and money reporting on the progress of their ERF projects.
The app will improve ERF data integrity and reduce the time spent on data cleansing and verification checks.
In order to participate in the next Emission Reduction Fund (ERF) auction, you must submit your project registration application by 11:59 pm (AEDT) Tuesday 15 February 2022.
The Emissions Reduction Fund (ERF) Auction 14 will be held on 5 and 6 April 2022. To make sure you don’t miss out, you need to submit your project registration application by 11:59 pm, Tuesday 15 February 2022 (AEDT).
The biomethane method package variations to the landfill gas (generation) method, the domestic, commercial and industrial wastewater treat
A new blue carbon method is now available under the Emissions Reduction Fund.
The 2022 blue carbon method is the first method for blue carbon projects under the Emissions Reduction Fund.
The new method covers projects that introduce tidal flows to allow the establishment of coastal wetland ecosystems including supratidal forests, mangroves, saltmarshes and seagrass, through the removal or modification of a tidal restriction mechanism.
A new plantation forestry method has now been made under the Emissions Reduction Fund.
The 2022 plantation forestry method builds on the existing Carbon Credits (Carbon Farming Initiative—Plantation Forestry) Methodology Determination 2017. The new method aims to provide more opportunities for the plantation forestry industry to participate in the ERF.
The 2022 plantation forestry carbon method will come into effect on 31 January 2022.
The Clean Energy Regulator has responded to the ABC’s article on the price of Australian carbon credits.
The article incorrectly states that ‘there are not actual emissions reductions’ in the process of Australian businesses buying Australian carbon credit units (ACCUs) and using them to offset emissions.