The Emission Reduction Fund

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The objective of the Emissions Reduction Fund (ERF) is to help Australia meet its emissions reduction target of five percent below 2000 levels by 2020. 

The ERF will provide incentives for emissions reduction activities across the Australian economy. It is the                        centrepiece of the Federal Government's Direct Action Plan and will operate alongside existing programmes such as the Renewable Energy Target and energy efficiency standards on appliances, equipment and buildings.

Through the ERF, the Government will purchase lowest cost abatement (in the form of Australian carbon credit units) from a wide range of sources, providing an incentive to businesses, households and landowners to proactively reduce their emissions.

On 25 June 2014 the Federal Parliament passed the Carbon Farming Initiative Amendment Bill 2014 to expand the Carbon Credits (Carbon Farming Initiative) Act 2011, so as to implement the ERF.

The Clean Energy Regulator will administer the Emissions Reduction Fund.

 

 

Sustainable Freight ERF Fact Sheet

Sustainable Freight's Fact Sheet on the ERF can be accessed by clicking here

 

 

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Additional Information

 

Transport Project Requirements released for Emissions Reduction Fund

 

Emissions Reduction Fund Fact Sheet for Transport (PDF)

Regularly updated Fact Sheet developed by the South Australian Freight Council

 

Presentation by the Carbon Market Institution -

Information Session presented by CMI.  Presentaion helps understand how the Fund will operate, the opportunities available and how to participate. Includes an overview of the ERF with an expert panel of speakers from industry, the Department of the Environment, the Clean Energy Regulator and AusIndustry.

 

 

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Further Sources

Information on the Emissions Reduction Fund can be found at:

 

Clean Energy Regulator

 

Department of the Environment

 

Emissions Reduction Fund enquiries

 

To subscribe to receive ERF updates from the Department of the Environment, visit http://www.environment.gov.au/climate-change/publications/emissions-reduction-fund-update

 

To subscribe to receive ERF updates from the Clean Energy Regulator, visit http://www.cleanenergyregulator.gov.au/Emissions-Reduction-Fund/subscribe-to-email-updates/Pages/default.aspx

 

 

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