On Tuesday 10 January 2023, Federal Minister for Climate Change and Energy, Chris Bowen, released the Albanese Government’s proposed reforms to the Safeguard Mechanism. The proposal, outlined in a position paper and draft legislative rules available here, is the result of over nearly 6 months of consultation. Consultation on the proposed design then closed on… Continue reading Safeguard Mechanism Design
Tag: Energy
SEC Expert Advisory Panel
On 7 February 2023, the Andrews Labor Government in Victoria announced the appointment of an Expert Advisory panel to guide the revived State Electricity Commission (SEC). The SEC’s Expert Advisory Panel will be chaired by John Bradley, Secretary of the Department of Energy, Environment and Climate Action – and will also include Audrey Zibelman, Andy… Continue reading SEC Expert Advisory Panel
National Reconstruction Fund Corporation Bill 2022
On Wednesday 30 November 2022, the Albanese Labor Government introduced the National Reconstruction Fund Corporation Bill 2022 to the Australian Parliament. The Bill establishes the $15 billion National Reconstruction Fund (NRF), a key election commitment of the Labor Party at the 2022 Federal Election. In the October Budget, the Government allocated $15.0 billion over 7… Continue reading National Reconstruction Fund Corporation Bill 2022
Australia at COP27
From 6 November to 20 November, Australian representatives including Minister for Climate Change and Energy, Chris Bowen, attended the 2022 United Nations Climate Change Conference (COP27) in Sharm El-Sheikh, Egypt. The Climate Change Performance Index, released midway through the conference, shows Australia moving from 59 to 55 out of 63 nations. The CCPI also has… Continue reading Australia at COP27
Safeguard Mechanism Consultation Paper
On Thursday 18 August 2022, Minister for Climate Change and Energy, Chris Bowen, released the consultation paper on the design of the Australian Government’s reforms to the Safeguard Mechanism. As the Australian Government has increased its emissions reduction ambition to 43 per cent by 2030, reforms to the Safeguard Mechanism are needed to facilitate the… Continue reading Safeguard Mechanism Consultation Paper