On 11 May 2021 the Treasurer of the Commonwealth, the Honourable Josh Frydenberg, handed down the 2021/2022 Federal Budget. Pursuant to the Paris Agreement, the Government has committed to reducing 2005 emission levels by 26 to 28 percent by the year 2030. In order to fulfil that commitment, the Government is investing $1.6 billion in clean energy technologies.
A $1.2 billion Co-investment Facility is to be established to invest in project-based international partnerships and priority technologies. This includes $539.2 million for hydrogen and carbon capture, use, and storage projects (CCS/CCUS), broken down as follows:
The remaining $565.8 million has been allocated to establish international partnerships on practical low emission projects.
The Government has also committed an additional $316.7 million to help industry and business reduce their emissions through voluntary action and adopting low emissions technology.
The Australian Energy Regulator will review the form of regulation – a ‘scheme’ or ‘non-scheme’ – of gas pipelines around Australia (excluding Western Australia). The outcome of a review has the...
Leading independent Australian law firm Johnson Winter Slattery (JWS) has appointed Isaac Evans as a Special Counsel in its Corporate team. Isaac is based in Brisbane and joins JWS from Baker...
The WA Government’s Electricity Industry Amendment (Alternative Electricity Services) Bill 2023 (WA) (Bill) was agreed to by the Legislative Council on 20 March 2024, subject to minor amendments...