ERF: 8 week registration deadline for existing abatement projects

One of the key features of the Emissions Reduction Fund is that projects need to be “new” at the time of registration. From July 1st, only “paper projects” (projects in concept phase up to and including a completed design but without a formal decision to go ahead) will be allowed to participate. That is, if…

Lessons from the first ERF carbon auction

Published by ResourceRecovery.biz The winners during the first Emissions Reduction Fund (ERF) auction have been announced. Congratulations to those who succeeded in securing a Carbon Abatement Contract with the Federal Government and commiserations to those who missed out. But don’t despair: there are many more auctions to come. Under the ERF, the Federal Government is…

MRA takes on semi-aggregator role to bring landfills into ERF

Waste and environment consultancy MRA has launched a new service to help councils benefit from the Emissions Reduction Fund. The service will involve MRA acting on behalf of councils to help them prepare and make ERF bids for landfill abatement projects. Environment Minister Greg Hunt has high hopes for these sorts of aggregation schemes, which…

The ERF has passed – now what?

With the Emissions Reduction Fund passing the Senate, industry can expect a 15-fold increase in scale of emissions reductions projects. The Emissions Reduction Fund is national scheme which provides $2.55 billion over three years to purchase emissions reductions. This $2.55 billion is budgeted to cover 2014-15 to 2017-18. Based on the average budget expenditure, this…