Often referred to as the "centerpiece" of the Federal Government’s Direct Action Plan, the Emissions Reduction Fund (ERF) is a fund dedicated to the purchase of carbon emissions reductions from a wide range of sources. The ERF is underpinned by a series of "reverse auctions" where the Clean Energy Regulator (CER) will purchase emissions reductions from businesses, land owners and other organisations at the lowest available cost.
Over the last few years we've spent a bit of time looking into the ERF and more importantly, whether there will be opportunities for councils to participate. After the first auction in April 2015 it was clear that opportunities for councils are extremely limited. However, there is hope that some new methodologies and continued advocacy from the sector could still see councils rewarded for their projects into the future.
With the second ERF auction taking place in early November 2015 and possibly a third in early 2016, Ironbark have developed the Emissions Reduction Fund (ERF) Guide for Australian Councils where we:
- Summarise progress of the ERF to date
- Discuss whether councils will be able to participate in future reverse auctions
- Examine types of local government projects that could be eligible such as buildings, street lighting and landfill gas projects
- Summarise the best opportunities for councils
- Look at high-level bidding approaches
- Examine the impact of new Prime Minister Malcolm Turnbull on the ERF and other policies
And if you want to discuss any specific projects you had in mind you can always contact us to discuss further.