Emissions Reduction Fund Workshops Energy & Fuel Efficiency

Transcription

1 Emissions Reduction Fund Workshops Energy & Fuel Efficiency 1

2 AGENDA AGENDA 1. Introductions 2. ERF Overview and Participation CMI Time Content 8.45 Coffee and Registration 9.00 Welcome and introduction 9.05 Global context and overview of program 9.15 The Clean Energy Regulator - The ERF how it works, opportunities for energy and fuel efficiency activities 9.30 Clean Energy Finance Corporation (CEFC) - potential funding opportunities 9.45 Support to prepare applications 9.55 Panel session Break Project showcase presentations from existing registered emissions reduction fund projects using energy and fuel efficiency methods and other organisations acting as aggregators Panel session Summarise and close Lunch and networking 2

3 ABOUT CMI CMI is an independent, membership-based, not-for-profit organisation. It is the peak body for carbon market participants. Members Entities covered under the Safeguard Mechanism, professional service providers, banks, project developers, technology providers, academics, specialists. CMI facilitates the networks, knowledge exchange and commercial interaction amongst key government policy makers and regulators, industry, financiers and investors, professional services companies and technology solution providers. CMI works with Government to ensure effective implementation of policy, such as the Emissions Reduction Fund legislation (the Carbon Farming Initiative Amendment Bill 2014). Australian Emissions Reduction Summit 3-4 May 2016, MCG, Melbourne 450 people in 2015 and 69 speakers inc. Christiana Figueres, Exec. Secretary, UNFCCC 3

4 CMI MEMBERS including 4

5 GLOBAL CONTEXT December Paris Agreement : 196 nations signing the most ambitious climate deal in history Commitment to limiting global temperature increase to 2.0 degrees above pre industrial levels, with the aim of 1.5 degrees Global emissions trajectory is now down New opportunities, competition, cooperation Australia s target: 26-28% below 2005 levels by 2030 Australia will need robust and effective domestic climate policies to achieve target 5

6 DOMESTIC POLICY Emissions Reduction Fund Centrepiece of the Australian Government's policy suite to reduce emissions Three elements; crediting, purchasing and safeguarding emissions reductions Safeguard Mechanism Places emissions baselines on heavy emitting facilities (>100,000 tco 2 -e/year) Commences 1 July review possible adjustment of baselines Renewable Energy Target Designed to reduce emissions of greenhouse gases in the electricity sector and encourage the additional generation of electricity from sustainable and renewable sources Allows both large-scale power stations and owners of small-scale systems to create certificates for every megawatt hour of power they generate 6

7 ERF AUCTION OUTCOMES Two ERF auctions have been held to date: More than $1.2 billion awarded in contracts 92 million tonnes of abatement Avg. price A1-$13.95 & A2-$12.25 $13.12 per tonne of abatement 236 Carbon Abatement Contracts awarded 275 projects largest 3.5 million tonnes, smallest 12,000 tonnes Abatement Auction 1 Auction

8 ERF SOURCES OF INFORMATION Carbon Market Institute carbonmarketinstitute.org Emissions Reduction Fund Enquiries To subscribe to receive ERF updates from the Department of the Environment, visit: Clean Energy Regulator - cleanenergyregulator.gov.au To subscribe to receive ERF updates from the Clean Energy Regulator, visit: Department of the Environment environment.gov.au AusIndustry business.gov.au Clean Energy Finance Corporation - 8

9 Copyright and Disclaimer Copyright 2015 the Carbon Market Institute Limited (CMI). No part of this presentation may be reproduced without consent. The opinions which may be expressed in this presentation do not necessarily reflect the opinions of the CMI directors, sponsors, partners or members. No responsibility is accepted by CMI, its directors, sponsors, partners, or members or the authors of any articles for the accuracy of information contained in this presentation or the consequences of any person relying upon information. The information contained in this presentation does not constitute financial product, investment, legal, tax or other advice and is provided for general information purposes only. Examples and case studies are purely for illustration. You should seek your own independent, professional advice and should not rely upon this information to make financial decisions. 9

10 The Emission Reduction Fund Opportunities for Energy and Fuel Efficiency Activities 2016

11 What is the ERF? Purchasing Safeguard Next auction scheduled for April

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14 Energy and Fuel Efficiency Methods Activity neutral Commercial Buildings Aggregated small energy users Aviation Facilities (NGER reporting facilities) Land and Sea transport Industrial electricity and fuel efficiency Activity specific Refrigeration and ventilation fans Commercial and public lighting High Efficiency Commercial Appliances

15 Eligibility For an activity to be eligible it must be The activity must be covered by a method The activity must not have started, or a final investment decision made (Newness) The activity cannot be required by a law (regulatory additionality) The participant must have the legal right to undertake the activity and claim the Australian Carbon Credit Units (ACCUs) The participant seeking to register a project must be assessed as a fit and proper person

16 Basic models of participation 1. Running it yourself Owner manages all elements of the project Register Owner retains ACCUs All costs, risks and benefits of running an ERF project fall to the owner Claim ACCUs Owner run Run Project Report

17 2. Engaging a service provider to help Owner pays service provider (e.g. an agent) to assist with or conduct various elements of the project Register Owner remains the project proponent and usually retains credits Claim ACCUs Owner run Run Project Benefits and costs still accruing to the owner but risks can be mitigated by the service provider Report

18 3. Being part of an aggregated project Owner gives aggregator the right to undertake project at their site and claim ACCUs (generally for some benefit under private arrangement) Register Aggregator is responsible for all elements of the project and retains ACCUs Costs and benefits usually divided between the owner and the aggregator but the aggregator generally takes on the project risk. Claim ACCUs Aggregator run Report Run Project

19 ERegistering a project No obligation to run the project unless contracted Register through our online portal: What you plan to do Location details for at least one site and where you think you will operate for others Eligibility status will your project comply with the Carbon Credits (Carbon Farming Initiative) Act, rules and method? Do you have the legal right? Are you a Fit and Proper Person? Register your Project

20 More information - Useful information and guides on the Emission Reduction Fund can be found on the website: You can subscribe to ERF updates on the website. - Phone us or enquiries@cleanerengyregulator.gov.au 20

21 Emissions Reduction Fund Facilitation

22 Emissions Reduction Fund Who s involved? Department of the Environment overarching policy responsibility for the ERF Clean Energy Regulator administers the ERF including managing contracts and running auctions AusIndustry facilitates scheme participation for industry based projects

23 Emissions Reduction Fund What is the role of AusIndustry? Raise awareness and provide assistance to develop and register industry based projects, particularly in: manufacturing resources commercial buildings construction local government Industry opportunities include activities relating to: energy efficiency transport waste and wastewater mining, oil and gas production

24 Emissions Reduction Fund AusIndustry National Network more than 20 State, Territory and regional offices

25 Emissions Reduction Fund What does AusIndustry offer? AusIndustry can provide: tailored ERF information sessions face to face meetings telephone and support We can discuss your industry project proposal and help you: identify an appropriate method establish project and scheme eligibility understand the application process and requirements prepare your project for registration with the CER

26 Contact Us Single Business Service web contact centre web chat national facilitation network qualified staff that can provide targeted ERF support and help to access other Australian Government programmes If you have any questions about how AusIndustry can assist you, please feel free to speak to me or my colleagues following the presentation.

27 Questions

28 GOVERNMENT PANELLISTS Townsville Clean Energy Regulator Chris Mill, Manager Industrial and Transport Section AusIndustry - Renee Chilton, Assistant Regional Manager, Nth QLD Department of Environment Sam Wagstaff Brisbane Clean Energy Regulator - Purdey Paterson, Transport and Industrial Section AusIndustry Heather McDonald, Customer Service Manager, QLD Department of Environment Sam Wagstaff Clean Energy Finance Corporation - Melanie Madders Adelaide Clean Energy Regulator Chris Mill, Manager Industrial and Transport Section AusIndustry Steve Harris, Industry Development Officer Department of Environment Sam Wagstaff Clean Energy Finance Corporation Monique Miller Perth Clean Energy Regulator Jay Hender, Manager Residential & Commercial Section AusIndustry Steve Harris, Industry Development Officer Department of Environment Damian Wilkinson Clean Energy Finance Corporation Karen Graham (CER) 28

29 INDUSTRY PANELLISTS Brisbane National Carbon Bank David Joseph Ndevr Environmental Matt Drum Outperformers Andrew Williamson Energetics Tim Carter Adelaide Ndevr Environmental Phil Link Energetics Sally Cook Perth Ndevr Environmental Phil Link Energetics Brian Innes 29

30 Emissions Reduction Fund Workshops Energy & Fuel Efficiency 30