Stakeholders feedback on Emissions Reduction Fund priorities for 2022 needed now
The Federal Government is calling for public submissions to help identify opportunities for new methods under the Emissions Reduction Fund (ERF).
Minister for Energy and Emissions Reduction Angus Taylor said expanding the range of eligible activities under the scheme will increase investment in low emissions technologies, helping Australia to meet and beat its emissions reduction goals while strengthening the economy.
The Government is particularly interested in method proposals that would support the priority technologies identified in the 1st Low Emissions Technology Statement or support low emissions transport infrastructure (for example, electric or hydrogen vehicle refuelling infrastructure).
Through the 2020-21 Budget, the Government committed more than $40 million of additional resourcing to the Clean Energy Regulator to halve the development time of new ERF methods to less than 12 months.
By the end of 2021, five new methods will be delivered: carbon capture and storage, soil carbon, biomethane or green gas, and plantation forestry.
The Clean Energy Regulator develops priority methods through a co-design process with industry, potential end-users, scientists and technical experts, and the Emissions Reduction Assurance Committee.
The Government welcomes input from industry and other stakeholders on the development of new methods for 2022. Submissions are open until 26 August 2021.