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National Energy Guarantee
National Energy Guarantee (NEG) was an energy policy proposed by the Turnbull government in late 2017 to deal with rising energy prices in Australia and lack of clarity for energy companies to invest in energy infrastructure. The policy specifically targets energy companies in the National Electricity Market and large energy users to have a reliability obligation as well as emissions reduction obligations. Turnbull's successor Scott Morrison announced in September 2018 that the government would focus on cheap electricity prices; Australia would (also without NEG) make efforts to lower carbon dioxide emissions. The Labor party has since announced that it will adopt the NEG as its energy policy. History In the years leading up to the proposed NEG, energy policy in Australia included the Rudd government's proposed Carbon Pollution Reduction Scheme, the introduction and repeal of the Gillard government's Clean Energy Act 2011, the Abbott government's Emissions Reduction Fund, an ...
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Climate Council
The Climate Council is Australia's leading climate change communications non-profit organisation formed to provide independent, authoritative information on climate change and its solutions to the Australian public. It advocates reducing greenhouse gas emissions. It was created by former members of the Climate Commission after it was abolished by the Abbott government in 2013. It is funded by donations from the public. Background The Australian Government, under the ruling Labor Party, formed the Climate Commission in February 2011 to act as an independent advisory group to report on the science of climate change. Following the Australian Federal Election in September 2013, the Labor Party lost power to the Liberal/National coalition with Tony Abbott installed as Prime Minister of Australia. On 19 September 2013, Abbott instructed his ministers to disband the Climate Commission. Among the reasons for closing the Commission were to "streamline government processes and avoid dupl ...
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Josh Frydenberg
Joshua Anthony Frydenberg () (born 17 July 1971) is an Australian former politician who served as the treasurer of Australia and deputy leader of the Liberal Party from 2018 to 2022. He also served as a member of parliament (MP) for the division of Kooyong from 2010 to 2022. After leaving university, Frydenberg served as an adviser to Prime Minister John Howard and Foreign Minister Alexander Downer during the Howard Government. He also worked for Deutsche Bank until his election to the Australian House of Representatives at the 2010 federal election. Quickly appointed to the frontbench, he went on to serve in several ministerial roles during the Abbott and Turnbull governments from 2013 to 2018, including as Minister for Resources and Minister for the Environment and Energy. In August 2018, he was elected as deputy leader of the Liberal Party following a leadership spill, which saw Scott Morrison elected as leader and prime minister. Morrison subsequently appointed Frydenbe ...
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Australian Energy Regulator
The Australian Energy Regulator (AER) is the regulator of the wholesale electricity and gas markets in Australia. It is part of the Australian Competition & Consumer Commission and enforces the rules established by the Australian Energy Market Commission. The AER was established in July 2005. The next year all 13 bodies previously responsible for energy regulation had transferred responsibility to the AER. Decisions made by the regulator are subject to appeal. Functions The AER's current functions are focused on regulating the natural monopoly transmission and distribution sectors of the national electricity market, monitoring the wholesale electricity market and enforcing electricity market rules. The AER's regulatory functions and powers are conferred upon it by the national electricity law and the national electricity rules. Under the national electricity law and national electricity rules, the AER's key responsibilities at the present time include: * regulating the revenues ...
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Australian Energy Market Operator
The Australian Energy Market Operator (AEMO) performs an array of gas and electricity market, operational, development and planning functions. It manages the National Electricity Market (NEM), the Wholesale Electricity Market (WA) (WEM) and the Victorian gas transmission network. AEMO also facilitates electricity and gas full retail contestability, overseeing these retail markets in eastern and southern Australia. It is additionally responsible for national transmission planning for electricity and the establishment of a Short Term Trading Market (STTM) for gas. It commenced operations on 1 July 2009, superseding several state-based and cross-state organisations including the National Electricity Market Management Company Limited ( NEMMCO), the Victorian Energy Networks Corporation (VENCorp) which was responsible for the efficient operation of gas and electricity industries in Victoria, the Electricity Supply Industry Planning Council (ESIPC) which was responsible for the effec ...
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Australian Energy Market Commission
The Australian Energy Market Commission (AEMC) was set up by the Council of Australian Governments through the Ministerial Council on Energy in 2005. The AEMC was established by the ''Australian Energy Market Commission Establishment Act 2004'' (SA), and commenced in July 2005. The Commission consists of one full-time and two part-time Commissioners. Two Commissioners are appointed by the participating State and Territory jurisdictions and one Commissioner is appointed by the Commonwealth. In 2008, the AEMC completed a review of Victoria's and South Australia's retail gas and electricity markets. In both states it was found that competition in the market was adequate for deregulation. The authority is also involved in inter-regional electricity prices and access issues. National Electricity Market The AEMC has two roles in relation to the National Electricity Market – as rule maker and as a provider of advice to Ministers on how best to develop energy markets over time. The ...
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Climate Sceptics
Climate change denial, or global warming denial, is denial, dismissal, or doubt that contradicts the scientific consensus on climate change, including the extent to which it is caused by humans, its effects on nature and human society, or the potential of adaptation to global warming by human actions. Many who deny, dismiss, or hold doubt about the scientific consensus on anthropogenic global warming self-label as "climate change skeptics", which several scientists have noted is an inaccurate description. Climate change denial can also be implicit when individuals or social groups accept the science but fail to come to terms with it or to translate their acceptance into action. Several social science studies have analyzed these positions as forms of denial or denialism,: "There is debate over which term is most appropriate ... Those involved in challenging climate science label themselves 'skeptics' ... Yet skepticism is ... a common characteristic of scientists ...
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Alan Finkel
Alan Simon Finkel (born 17 January 1953) is an Australian neuroscientist, inventor, researcher, entrepreneur, educator, policy advisor, and philanthropist. He was Australia’s Chief Scientist from 2016 to 2020. Prior to his appointment, his career included Chancellor of Monash University, President of the Australian Academy of Technology and Engineering (ATSE), and CEO and founder of Axon Instruments, and CTO for the electric car start-up Better Place Australia. Among his current roles, Finkel is Special Adviser to the Australian Government on Low Emissions Technologies, Chair of Australia's Low Emissions Technology Investment Advisory Council, and Chair of Stile Education. In March 2021, he published his quarterly essay, ''Getting to Zero'', which received widespread acclaim. Education Finkel has a Bachelor of Electrical Engineering (Honours) and PhD in Electrical Engineering from Monash University. Career Research After receiving his doctorate in electrical engineering, ...
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Paris Agreement
The Paris Agreement (french: Accord de Paris), often referred to as the Paris Accords or the Paris Climate Accords, is an international treaty on climate change. Adopted in 2015, the agreement covers climate change mitigation, Climate change adaptation, adaptation, and Climate finance, finance. The Paris Agreement was negotiated by 196 party (law), parties at the 2015 United Nations Climate Change Conference near Paris, France. As of September 2022, 194 members of the United Nations Framework Convention on Climate Change (UNFCCC) are parties to the agreement. Of the four UNFCCC member states which have not Ratification, ratified the agreement, the only major emitter is Iran. The United States withdrew from the Agreement in 2020, but rejoined in 2021. The Paris Agreement was opened for signature on 22 April 2016 (Earth Day) at a ceremony in New York (state), New York. After the European Union ratified the agreement, sufficient countries had ratified the Agreement responsible for ...
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National Electricity Market
The National Electricity Market (NEM) is an arrangement in Australia's electricity sector for the connection of the electricity transmission grids of the eastern and southern Australia states and territories to create a cross-state wholesale electricity market. The Australian Energy Market Commission develops and maintains the Australian National Electricity Rules (NER), which have the force of law in the states and territories participating in NEM. The Rules are enforced by the Australian Energy Regulator. The day-to-day management of NEM is performed by the Australian Energy Market Operator. NEM operations began on 13 December 1998 and currently covers Queensland, New South Wales, Australian Capital Territory, Victoria, Tasmania and South Australia. Western Australia and the Northern Territory are not connected to the NEM. The NEM comprises five regions, with the ACT being in the NSW region. Tasmania joined the NEM in May 2005 and became fully operational on 29 April 2006 when ...
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Emissions Reduction Fund
Emission may refer to: Chemical products * Emission of air pollutants, notably: **Flue gas, gas exiting to the atmosphere via a flue ** Exhaust gas, flue gas generated by fuel combustion ** Emission of greenhouse gases, which absorb and emit radiant energy within the thermal infrared range * Emission standards, limits on pollutants that can be released into the environment * Emissions trading, a market-based approach to pollution control Electromagnetic radiation * Emission spectrum, the frequencies of electromagnetic radiation generated by molecular electrons making transitions to lower energy states * Thermal emission, electromagnetic radiation generated by the thermal motion of particles in matter * List of light sources, including both natural and artificial processes that emit light * Emission (radiocommunications), a radio signal (usually modulated) emitted from a radio transmitter * Emission coefficient, a coefficient in the power output per unit time of an electromagn ...
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Clean Energy Act 2011
The Clean Energy Act 2011 was an Act of the Australian Parliament, the main Act in a package of legislation that established an Australian emissions trading scheme (ETS), to be preceded by a three-year period of fixed carbon pricing in Australia designed to reduce carbon dioxide emissions as part of efforts to combat global warming. The package was introduced by the Gillard Labor Government in February 2011 and was repealed by the Abbott Government on 17 July 2014, backdated to 1 July 2014. History Rudd Government The Gillard Labor Government's legislation followed unsuccessful efforts by the Rudd Labor Government to secure passage of an ETS through the Australian Parliament. In opposition, Rudd had called climate change "the greatest moral, economic and social challenge of our time" and called for a cut to greenhouse gas emissions by 60% before 2050. Both the incumbent Howard Government and the Rudd Labor opposition promised to implement an ETS before the 2007 federal ele ...
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