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Australia - Smart Energy - Clean Energy Program

  • January 2014
  • -
  • Paul Budde Communication Pty Ltd
  • -
  • 13 pages

The Australian Carbon Price Scheme passed by the Parliament in October 2011 is the largest emissions-trading scheme outside Europe. Outside the EU, only New Zealand has a national scheme in operation. The plan places a carbon tax of $23 a tonne on its 500 worst polluters from 2012.
The government will spend $9.2 billion over the first three years of the scheme to assist in the transition for heavy polluting industries like steel and aluminium production.
The government would also set up loan guarantees for electricity generators through a new Energy Security Fund, to help the industry refinance loans of between $9 billion and $10 billion over the next five years. It will also fund the shut-down or partial closure of the dirtiest generators and remove up to 2,000 megawatts of capacity by 2020, while short-term loans would be offered to generators to help re-finance debt and buy permits.
The scheme also set-up a $10 billion Clean Energy Finance Corporation to fund new renewable and cleaner generation capacity, such as wind, solar, gas and wave power plants.
This report is an abstract of the information provided by the government on its CPS as well as an analysis in which we concentrate on the effects it has on the electricity industry including the new business opportunities in smart grids and new clean technologies.
The projects are basically on hold waiting for new policies from the Coalition Government.

Table Of Contents

Australia - Smart Energy - Clean Energy Program
1. Synopsis
2. Broadband and climate change
2.1 The broader context
2.2 Challenge: trans-sector approach
3. Carbon Price Scheme Emissions Scheme
4. Clean Energy Finance Corporation
4.1 CEFC Expert Review
5. Australian Renewable Energy Agency (ARENA)
5.1 New statutory authority
5.2 Draft funding strategy till 2015
5.3 Solar flagships program update
6. Clean Technology Innovation Program
7. Industry assistance
8. Energy efficiency programs
9. Australia in the international context
10. Effects on the electricity industry
10.1 Industry transformation
10.2 Energy Security Fund
10.3 Payment for closure
10.4 Assistance for strongly affected generators
10.5 Energy Security Council
10.6 Smart Grids
11. The Energy Savings Initiative Working Group and Advisory Group
11.1 National Energy Savings Initiative
12. ICT and sustainability strategies
12.1 The National Digital Economy Strategy
12.2 ICT sustainability plan 2010-2015:
12.2.1 Environmental standards in ICT procurement.
12.2.2 Energy and carbon emission management.
12.2.3 Agency targets.
12.2.4 Using ICT to enable broader sustainability.
13. Other Reports
Exhibit 1 - Key points of the initial Carbon Price Scheme

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