In response to the ongoing conflict in the Middle East and its escalating impact on the global energy markets, the Australian Government has activated a coordinated national fuel security response. National Cabinet has agreed to a National Fuel Security Plan, a four-stage escalation framework. Australia is currently operating at Level 2 of this framework, with further stages to be engaged should the… Continue reading Australian Fuel Supply
Tag: Energy
Albanese Government sets a 2035 emissions reduction target of 62-70%
18 September 2025 On Thursday 18 September, Prime Minister Anthony Albanese, Minister for Climate Change and Energy Chris Bowen, and Treasurer Jim Chalmers announced the Albanese Government’s 2035 emissions reduction target. The Albanese Government has set an emissions reduction target of 62-70% cent by 2035 on 2005 emissions levels. The 2035 target is based on… Continue reading Albanese Government sets a 2035 emissions reduction target of 62-70%
Capacity Investment Scheme South Australia-Victoria tender open
19 December 2023 On Monday 18 December, the Capacity Investment Scheme South Australia-Victoria tender opened for bids. This follows the announcement on 23 November of the expansion of the Capacity Investment Scheme to target a total of 32 GW of new capacity nationally to be rolled out from 2024 to 2027. The tender is seeking… Continue reading Capacity Investment Scheme South Australia-Victoria tender open
Capacity Investment Scheme Expansion
On 23 November 2023, Minister for Climate Change and Energy the Hon Chris Bowen MP announced that the Albanese Government, in conjunction with the states, is expanding the existing Capacity Investment Scheme (CIS) and the National Energy Transformation Partnership (NETP) to support the delivery of more reliable, affordable and low-emissions energy. First announced in December… Continue reading Capacity Investment Scheme Expansion
Safeguard Mechanism Design
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