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Australian Emissions Reduction Fund
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Purpose of the Emissions Reduction Fund
The Emissions Reduction Fund to make an effective contribution to reducing greenhouse gases in Australia.
To include: • an effective safeguard mechanism for 5% International Target; • the operation of baselines that permit sustainable economic growth; • ensuring the Government only sponsors genuine projects • minimising the administrative burden on industry; • reducing duplication and overlaps between State policies • recognition of the important role of local communities in achieving sustainable outcomes.
The safeguard mechanism will start on 1 July 2015. All elements will be administered by the Clean Energy Regulator.
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Reduction Target Areas
Businesses have identified a wide range of productivity-enhancing activities that the Emissions Reduction Fund
These include:
• upgrading commercial buildings • improving energy efficiency of industrial facilities and houses • reducing electricity generator emissions • capturing landfill gas • reducing waste coal mine gas • reforesting and re-vegetating marginal lands • improving Australia’s agricultural soils • upgrading vehicles and improving transport logistics, and • managing fires in savanna grasslands.
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Carbon reduction Target
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Emission Reduction Assurance Committee
The Emissions Reduction Assurance Committee will play an important ongoing role by providing advice directed to maintaining the integrity of the Emissions Reduction Fund. The Committee will review methods to ensure
they can deliver real and additional emissions reductions.
The Clean Energy Regulator will conduct auctions to purchase emissions reductions at the lowest available cost. Auctions create competitive
pressures and are commonly used in Australia and overseas to purchase other types of environmental goods and services
The safeguard mechanism will only apply to a small number of large facilities currently reporting information under the National Greenhouse
and Energy Reporting Scheme. It will not require new mandatory reporting obligations.
The safeguard mechanism will commence from 1 July 2015
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Independent Inspections /FWR Group Pty LtdIndependent Inspections Pty Ltdwww.iigi.com.au
www.fwrgroup.com.auwww.independentcertification.com.au
Mr. Peter GreenhamQualifications:- Diploma of Civil Engineering- Associate Diploma of Laboratory
Operations- Diploma of Quality Management- Diploma of Business- Lead Environmental Auditor- Diploma of workplace training
and Assessment- NATA Assessor
Your Auditors and Trainers
P: 1300 857 149F: 1300 857 150
Team
Mr. Sydney LueM: 0423 234 [email protected]
Mr. Peter GreenhamM: [email protected]
