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 of the Bill and our current understanding of the other agreed amendments to the Safeguard Mechanism Reforms. Read more

The NSW election on 25 March has resulted in a change of government. A Chris Minns-led Labor team will form a government with an interim Ministry sworn in on Tuesday, 28 March 2023. While we wait for the final counts to come in, we look at what the change of government might mean for energy, climate change and the environment in NSW. Read more

On 4 March 2023, the UN Intergovernmental Conference on Marine Biodiversity of Areas Beyond National Jurisdiction (Conference) reached agreement on the text of a new treaty which seeks to protect the marine environment. The Agreement under the United Nations Convention on the Law of the Sea on the Conservation and Sustainable Use of Marine Biological … Read more

The NSW Minister for Energy has declared a Renewable Energy Zone (REZ) in the Illawarra region. Following a draft exhibition of the declaration in late 2022, this marks the first key step in establishing the Illawarra REZ under the Electricity Infrastructure Investment Act 2020. Read more

The Australian Department of Climate Change, Energy, the Environment and Water announced yesterday that it is seeking public feedback on the possible effects of renewable energy projects off the NSW Hunter coast. This announcement follows last year’s declaration of part of Bass Strait off Victoria’s Gippsland coast as Australia’s first offshore renewable energy infrastructure zone. Read more

The NSW Environment Protection Authority (EPA) has published its Climate Change Policy and Action Plan 2023-2026 (Plan). Over the next 12-24 months, under the Plan, the EPA will introduce a number of new requirements for industry participants to take action in response to climate change. Climate Change Mitigation and Adaptation Plans, industry-wide emission-reduction targets and emission limits on environment protection licences (EPL) are some of the proposed actions. Read more

Snapshot On 10 January 2023 the Department of Climate Change, Energy, the Environment and Water (DCCEEW) released a position paper for consultation detailing proposed reforms to the Safeguard Mechanism. The reforms are directed at achieving Australia’s emissions reductions target of 43% below 2005 levels by 2030 and commitment to net zero emissions by 2050, and … Read more

The panel appointed by the Australian Government to review the integrity of the Australian Carbon Credit Unit Scheme under the Emissions Reductions Fund has delivered its report. The panel rejected claims about the integrity of ACCUs and concluded the framework of the scheme is “essentially sound” but included 16 recommendations for significant changes be made … Read more