Australian ministers agree to develop NEG policy package, but major issues remain unsolved
State energy ministers in Australia on Friday agreed to let the Energy Security Board (ESB) continue work on the country’s National Energy Guarantee (NEG), which would introduce a carbon price signal in the electricity sector, but they remained concerned over the programme’s weak climate ambition.
Read MoreBusiness groups urge leaders to keep Australia’s NEG alive
A group of major Australia’s business groups and other organisations on Wednesday urged state leaders to not ditch the proposed National Energy Guarantee (NEG) at a crunch meeting later this week.
Read MoreAustralia’s Labor embraces NEG changes, still opposes ‘weak’ CO2 target
Australia’s main opposition party on Tuesday embraced draft changes to the National Energy Guarantee (NEG) it said would make the policy work like an emission intensity trading scheme, but maintained that the government-set emission target and approach to state renewable goals were unacceptable.
Read MoreAustralia govt won’t budge on key NEG elements
Australia’s federal government over the weekend issued a new discussion paper on the National Energy Guarantee (NEG), shrugging off massive criticism to stand firm on the scheme’s overall emissions ambition, its approach to state-based renewables targets, and the use of carbon offsets.
Read MoreAustralia keeps up above-average ACCU issuance, but project registration halts
Australia’s Clean Energy Regulator this week handed out over 285,000 carbon credits, but no new offset projects sought registration despite the deadline for joining the next ERF auction being just a week away.
Read MoreAustralia’s new NEG draft eases concerns ahead of crunch meeting
A new draft of Australia’s National Energy Guarantee (NEG) leaked this week addresses some technical concerns, but the federal government has yet to release an update on the more political issues of the scheme, such as its overall emissions target.
Read MoreAustralian minister holds firm on NEG, eyes August deal
Australia’s Environment and Energy Minister Josh Frydenberg wants the final rules of the National Energy Guarantee (NEG) agreed by August and legislated by the end of the year, he said Wednesday, showing little interest in compromising on issues that critics have identified as shortcomings of the scheme.
Read MoreAustralia issues over 1 mln offsets, with landfill operator claiming most
Australia has issued nearly 1.1 million carbon credits over the past two weeks, with around 40% of them going to landfill operator LMS Energy, data from the Clean Energy Regulator showed.
Read MoreAustralia’s NEG seen likely to make it past first hurdle
Australia’s proposed National Energy Guarantee (NEG) faces its first major test later this month when it will be put to state energy ministers, but expectations are growing that the policy will survive the meeting despite lingering concerns over what it is likely to achieve.
Read MoreAustralian utility AGL attacks government plans to alter Safeguard Mechanism
Australia’s recent reform proposal for the Safeguard Mechanism is likely to drive up emissions from covered facilities, instead of increasing the burden on others to help the nation meet its climate obligations, according to generator AGL.
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