ETS in Operation: Australia's Clean Energy Future Package (October 2012)

Oct 25, 2012
Sydney, Australia
October 25, 2012
1. Introduction
Robert Owen-Jones, Department of Climate Change and Energy Efficiency (DCCEE), Australia
Australia: Clean Energy Future Package
2. Design Principles for Australia’s ETS’s Architecture
This presentation covered four design principles: i) A flexible mechanism capable of matching ambition and stability in policy settings; ii) Predictability in cap setting; iii) Ensuring the most efficient allocation of units; and iv) Lowest cost abatement.
Daniel Besley, DCCEE
Australia: Carbon Pricing Mechanism Architecture
3. Determining Australian Carbon Pricing Coverage
This presentation focused on two issues that are important when determing carbon pricing coverage: i) Ensuring broad coverage and managing administrative complexity; ii) Putting liability where emissions are produced but providing flexibility where needed.
Andrew Pankowski, DCCEEE
Determining Australian Carbon Pricing Coverage
10:45 Break
4. The Carbon Farming Initiative (CFI): Australia’s Domestic Offset Scheme
This session introduced CFI, an initiavtive that allows farmers and land managers to earn carbon credits by storing carbon or reducing GHG emissions on the land.
Maya Stuart-Fox, DCCEE
Australia: The Carbon Farming Initiative
5. Linking Australia’s ETS to the International Carbon Market
This session presented rationale for international linking te EU ETS with the Australian cap-and-trade. In addition, it covered role of overseas abatement and rules for use of international offsets. It also covered the role of the Climate Change Authority in determining eligibility of international offsets.
James White, DCCEE
EU ETS and Australian CPM Linking
12:45 Lunch
6. Moving to a Clean Energy Economy
The first part of this session was a presentation that included three important steps when moving to a clean energy economy: i) Industry consultations; ii) Industry assistance: preventing carbon leakage while maintaining abatement incentives (treatment of EITEs) and maintaining energy security; and iii) Supporting supply-side investment and demand-side drivers for clean energy and energy efficiency (ARENA, CEFC, household assistance). The second part gave the private sector perspective on the shift in actions for climate change mitigation.
Alexander Caroly, DCCEE
Martijn Wilder, Baker & McKenzie
Law Making for ETSs - a Private Sector Perspective
15:15 Break
7. The Clean Energy Regulator (CER)
This presenter explained CER's streamlined approach to the effective implementation and administration the key pieces of Australia’s climate change legislation. The National Greenhouse and Energy Reporting legislative framework and its interconnection with the ETS, including obligation to report, was mentioned. CER performs report validation, auditing, and compliance activities. It upholds public disclosure and confidentiality rules, and requires a robust administration and enforcement.
Lesley Dowling, Clean Energy Regulator
Australia: The Clean Energy Regulator
8. ETSs in Operation
Representatives from four different countries and jurisdictions discussed cap-and-trade in operation.
Subho Banerjee, DCCEE
Marco Loprieno, European Commission
Guy Beatson, New Zealand
Mary Nichols, California
17:30 Wrap up
End of event

Meeting Documents