The Minister for the Environment has asked the Climate Change Authority to conduct a Special Review, into Australia’s policies and future targets for reducing greenhouse gas emissions in the context of its international commitments and the action of other countries. The final report of the special review is due by 30 June 2016.
The Climate Change Authority is analysing the electricity sector as part of its Special Review. This analysis will include modelling of a range of illustrative policies for reducing electricity sector emissions. The Authority will evaluate the policies by comparing their performance across a range of quantitative and qualitative indicators of effectiveness, efficiency and equity.
The Climate Change Authority has released two reviews of the Renewable Energy Target, in 2012 and 2014. The 2014 review focused on a small set of priority questions, including the 2020 Large-scale Renewable Energy Target, the role of the RET after 2020, assistance for solar photovoltaics (PV) under the Small-scale Renewable Energy Scheme and the basis of exemptions for emissions-intensive, trade-exposed industries.
The Climate Change Authority released its statutory review of the Carbon Farming Initiative in December 2014. The Authority evaluated the performance of the CFI to date; considered the extent to which the design of Emissions Reduction Fund (which replaces the CFI) improves on the CFI; and discusses the contribution the ERF could make to Australia’s emissions reduction goals for 2020 and beyond.
The Climate Change Authority released the final report of its Targets and Progress Review in February 2014. The Authority considered Australia’s greenhouse gas emissions reduction goals and its progress toward meeting them. The Authority adopted a budget approach and recommended a coordinated set of emissions reduction goals for the short, medium and long term.