Carbon National A voluntary Estimated to offset Neutral scheme that about 1 Mt CO2-e Program certifies per year products, (Hunt 2015a) business operations and events as carbon neutral against the National Carbon Offset Standard Land Regulations that Stronger land clearing restrict the clearing Covers regulations clearing of regulations in landholders vegetation. NSW, Queensland Details vary by and Western The Australia, along objectives of with economic these conditions, regulations are reduced clearing generally to rates and protect contributed to an biodiversity and emissions decline. other Emissions from environmental deforestation* fell values, as well from 74 Mt CO2-e as to reduce in 1990 to 37 Mt carbon CO2-e in 2013 emissions. (DoE 2015a). Clean National Innovation Projects in the Energy support through CEFC portfolio (as Covers Finance Government at 30 June 2015) renewable Corporation corporation that are projected to energy, cofinances and achieve 77 Mt lowemissions invests in clean CO2-e of technologies energy and emissions and energy energy reductions over efficiency efficiency their lifetime projects projects and (CEFC 2015). It is technologies likely that the national RET is the main policy driver for most of these emissions reductions. Australian National Provides Not available Renewable innovation Applies to Energy support for renewable Agency renewable energy energy activities activities including research and development funding * Deforestation figures are emissions reported under the Kyoto Protocol classification. This category only ‘deforestation’ includes emissions from deforestation of land that was forested as at 31 December 1989. The size of the future emissions reduction task is uncertain. Future emission levels depend on a range of factors, including economic growth, global trade and technology developments. The impact of all of these factors on emissions is uncertain, particularly over the time scales relevant to climate policy analysis.
Carbon Neutral Program National A voluntary scheme that certifies products, business operations and events as carbon neutral against the National Carbon Offset Standard Estimated to offset about 1 Mt CO2-e per year (Hunt 2015a) Land clearing regulations Covers landholders Regulations that restrict the clearing of vegetation. Details vary by The objectives of these regulations are generally to protect biodiversity and other environmental values, as well as to reduce carbon emissions. Stronger land clearing regulations in NSW, Queensland and Western Australia, along with economic conditions, reduced clearing rates and contributed to an emissions decline. Emissions from deforestation* fell from 74 Mt CO2-e in 1990 to 37 Mt CO2-e in 2013 (DoE 2015a). Clean Energy Finance Corporation National Covers renewable energy, lowemissions technologies and energy efficiency projects Innovation support through Government corporation that cofinances and invests in clean energy and energy efficiency projects and technologies Projects in the CEFC portfolio (as at 30 June 2015) are projected to achieve 77 Mt CO2-e of emissions reductions over their lifetime (CEFC 2015). It is likely that the national RET is the main policy driver for most of these emissions reductions. Australian Renewable Energy Agency National Applies to renewable energy activities Provides innovation support for renewable energy activities including research and development funding Not available * Deforestation figures are emissions reported under the ‘deforestation’ Kyoto Protocol classification. This category only includes emissions from deforestation of land that was forested as at 31 December 1989. The size of the future emissions reduction task is uncertain. Future emission levels depend on a range of factors, including economic growth, global trade and technology developments. The impact of all of these factors on emissions is uncertain, particularly over the time scales relevant to climate policy analysis.