Safeguard Mechanism reforms: New guidelines released on emissions-intensity determination applications and a review for a potential carbon border adjustment underway

In October 2023, the Clean Energy Regulator released guidelines to assist responsible emitters and auditors making applications for an emissions-intensity determination. For existing Safeguard Mechanism facilities, this determination will be an important factor in how a facility’s unique baseline will be calculated under the reformed Safeguard Mechanism scheme. Read more

Offshore investors & offshore wind in Australia: FIRB in the context of offshore wind feasibility licences

Australia’s foreign investment legislation does not yet clearly address our evolving offshore wind licensing landscape, with offshore wind feasibility licences not neatly sitting within an existing category of actions in the current FIRB regime. However, FIRB has taken a consistent approach in approving recent applications, providing clarity for future foreign participants. Read more

Is Nuclear Power the solution to Australia’s Energy Transition?

The debate around whether nuclear power should be part of Australia’s future energy mix is again on the federal political agenda. This note looks at the arguments for and against the use of nuclear power in Australia and assesses whether nuclear power is a realistic solution to the requirements of Australia’s energy transition. Read more

Safeguard Mechanism Bill passes Parliament setting stage for Safeguard Mechanism reforms

The Safeguard Mechanism (Crediting) Amendment Bill 2023 was passed by the Australian Parliament on 30 March 2023.  The Bill was primarily introduced to enable the crediting element of the reform, however the changes negotiated with the Australian Greens Party are not limited to crediting and will extend beyond amendments to the Bill itself. We explore key aspects … Read more