Climate Change Authority
Reaping the Rewards is a research report that explores ways landholders can improve profitability, reduce greenhouse gas emissions and deliver broader environmental benefits at the same time. These objectives are known as ‘multiple benefits’.
On 11 December 2017, the Climate Change Authority released the final report on its review of the Emissions Reduction Fund (ERF). The Authority found that the ERF is performing well, and creating incentives for new domestic emissions reductions at low cost that will contribute to Australia’s targets under the Paris Agreement.
A summary fact sheet that explains the ERF and the Authority’s findings and recommendations to enhance the ERF can be found here.
The Authority is required to review the Carbon Farming Initiative and the ERF every three years.
The Australian Energy Market Commission (AEMC) and the Climate Change Authority have prepared a joint report, Towards the next generation: delivering affordable, secure and lower emissions power, to provide advice on policies to enhance power system security and to reduce electricity prices, consistent with achieving Australia’s emissions reduction targets in the Paris Agreement
On 9 March 2017, the Climate Change Authority released an issues paper for consultation on its new research project which is looking at ways to better coordinate action to reduce carbon emissions on the land while enhancing our natural environment and helping farmers improve their bottom line. This research initiative builds on a recommendation from the Authority’s Special Review, which called for further work on ways that low-cost emissions reductions can benefit agricultural productivity while furthering objectives such as enhanced biodiversity, soil condition and water quality.
Consultation has now closed and submissions have been received from interested parties.