AUSTRALIA

Energy retailers call form uniform greenhouse policy

The Energy Retailers Association of Australia has called for a single standard greenhouse gas abatement policy in Australia during the release of a major paper in Sydney yesterday.

Energy retailers call form uniform greenhouse policy

Executive director of the ERAA, Deane Russell, said the existing policy status was characterised by a fragmented array of short term State and Federal Government greenhouse gas abatement measures.

“These measures tend to be poorly targeted, overly complex and as such, highly inefficient mechanisms for reducing emissions,” Russell said.

“Energy retailers around Australia bear the cost and risk of administering the different State and Federal Government greenhouse gas abatement measures for the electricity sector.

“This is not changing behaviour in the generation and transmission of electricity and more importantly, not changing the behaviour in consumers,” said Russell.

“Because the costs of the various schemes are hidden through complex administration burden, no other parts of the industry or indeed consumers, see any signals about reducing carbon.

“The Sequestration Leadership Forum in Melbourne this week is a step in right direction for the long term solution for carbon emissions, but at the moment, Australia has seven possible policy alternatives which are confronting energy retailers.

“In releasing the policy paper on climate change, the ERAA wants to ensure that there is a consistent approach applied by all State and Federal Governments to this important issue,” Russell said.

“The retailers acknowledge that they have a role to play in the solution, but at the moment they are bearing the cost of inefficient and ineffective policy.”

TOPICS:

A growing series of reports, each focused on a key discussion point for the energy sector, brought to you by the Energy News Bulletin Intelligence team.

A growing series of reports, each focused on a key discussion point for the energy sector, brought to you by the Energy News Bulletin Intelligence team.

editions

ENB CCS Report 2024

ENB’s CCS Report 2024 finds that CCS could be the much-needed magic bullet for Australia’s decarbonisation drive

editions

ENB Cost Report 2023

ENB’s latest Cost Report findings provide optimism as investments in oil and gas, as well as new energy rise.

editions

ENB Future of Energy Report 2023

ENB’s inaugural Future of Energy Report details the industry outlook on the medium-to-long-term future for the sector in the Asia Pacific region.

editions

ENB Cost Report 2021

This industry-wide report aims to understand current cost levels across the energy industry