The Minister for Energy and Emissions Reduction has announced new priority Emissions Reduction Fund (ERF) methods for development by the Clean Energy Regulator in 2022.
The ERF incentivises Australian businesses to cut the amount of greenhouse gases they create and to undertake activities that store or avoid carbon emissions. ERF methods set out the rules that projects must follow to estimate emissions reductions and ensure genuine carbon abatement.
The 5 new priority methods are:
We sought input from the public over 5 weeks and received over 70 submissions on ideas.
In reviewing these ideas and setting the priorities, the Minister considered factors like:
The Australian Government will closely monitor developing technologies for future method development as the technology and evidence base evolves. This may include biomethane from agricultural waste, livestock feed technologies and direct air capture.
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