adopting a carbon valuation series that was produced by the Federal Climate Change Authority as part of its 2014 Targets and Progress Review. Please outline whether you think this approach is appropriate for valuing greenhouse gas emissions reductions over the period 2016 to 2050? 5. Is there a case to exclude any business Yes sector(s) from participation in the VEET scheme? 5a. Please outline why this is your All business sectors should be able to preferred option, and comment on how participate in the VEET scheme to allow this should be implemented: Victorians all possible opportunities to lower the states emissions. In particular the large energy users (formally known as EREP sites) which have been traditionally excluded should be included, as there are significant energy efficiency opportunities that can be realised in this sector. Whether these large energy users should also have a liability is a separate issue. Only those that are energy intensive trade exposed industries have a case for exemption as this could impact the net economic benefits of the scheme to Victoria. 5b. Please outline why this is your preferred option: Yes 6. Should the VEET scheme be amended to better ensure support for low income households? 6a. Please outline how the VEET scheme The VEET scheme has been helping support could better support low income energy efficiency in low income households households, and comment on why this since its commencement. If the VEET scheme option should be preferred: is amended to support low income households, there needs to be an additional mechanism complementing the VEET to allow the low income households to access the energy efficient systems that have a capital cost such as high efficiency water heaters and space heaters and base building upgrades (insulation, double glazing, weather sealing). 6b. Please outline why this is your preferred option:
adopting a carbon valuation series that was produced by the Federal Climate Change Authority as part of its 2014 Targets and Progress Review. Please outline whether you think this approach is appropriate for valuing greenhouse gas emissions reductions over the period 2016 to 2050? 5. Is there a case to exclude any business sector(s) from participation in the VEET scheme? Yes 5a. Please outline why this is your preferred option, and comment on how this should be implemented: All business sectors should be able to participate in the VEET scheme to allow Victorians all possible opportunities to lower the states emissions. In particular the large energy users (formally known as EREP sites) which have been traditionally excluded should be included, as there are significant energy efficiency opportunities that can be realised in this sector. Whether these large energy users should also have a liability is a separate issue. Only those that are energy intensive trade exposed industries have a case for exemption as this could impact the net economic benefits of the scheme to Victoria. 5b. Please outline why this is your preferred option: 6. Should the VEET scheme be amended to better ensure support for low income households? Yes 6a. Please outline how the VEET scheme could better support low income households, and comment on why this option should be preferred: The VEET scheme has been helping support energy efficiency in low income households since its commencement. If the VEET scheme is amended to support low income households, there needs to be an additional mechanism complementing the VEET to allow the low income households to access the energy efficient systems that have a capital cost such as high efficiency water heaters and space heaters and base building upgrades (insulation, double glazing, weather sealing). 6b. Please outline why this is your preferred option:
Green-Energy-Trading.docx