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There are a number of opportunities for industry to participate in the Emissions Reduction Fund by reducing emissions, improving energy efficiency, avoiding emissions of methane and nitrous oxide, or by converting methane into carbon dioxide which is a less potent greenhouse gas. The government is working with businesses through technical working groups to develop two categories of Emissions Reduction Fund methods:
A facility method will be developed allowing emissions reductions from multiple activities at large facilities for which data are reported under the National Greenhouse and Energy Reporting (NGER) scheme.
Activity methods will be developed for specific emissions reduction activities.
The following resources can assist in deciding which energy efficiency or transport method is most appropriate for industry projects:
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The Clean Energy Regulator is a Government body responsible for accelerating carbon abatement for Australia.