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Climate Solutions Fund - Emissions Reduction Fund

Eucalypt leaf, Tidbinbilla Nature Reserve, Australian Capital Territory

On 25 February 2019 the Australian Government established a Climate Solutions Fund to provide an additional $2 billion to continue purchasing low-cost abatement, build on the success of the Emissions Reduction Fund and continue the momentum to reach Australia's 2030 emissions reduction target. The additional funding ensures Australian farmers, businesses and Indigenous communities continue to have opportunities to undertake emissions reduction projects that provide local benefits.

Activities supported through the Emissions Reduction Fund provide important environmental, economic, social and cultural benefits for farmers, businesses, landholders, Indigenous Australians and communities. The Emissions Reduction Fund is established on the principles of reducing emissions at lowest cost and purchasing genuine and additional emissions reductions.

In 2014 the Government invested $2.55 billion in the Emissions Reduction Fund to boost agricultural productivity, support jobs for Indigenous communities, improve biodiversity and water quality, and reduce greenhouse gas emissions.

News

The Government is seeking feedback on proposed changes to the Emissions Reduction Fund legislative rules. Closes 5pm 28 February 2020.
17
Jan
2020
The Department is preparing to release an updated version of the FullCAM model for public use in 2020. Information on the steps being undertaken following consideration of feedback on the discussion paper released in November 2019 is now available.
20
Dec
2019
The Department is preparing to release an updated version of the FullCAM model for public use, and is consulting on transitional arrangements. Comments are open until 4 December 2019.
15
Nov
2019
The ERAC has released the draft Animal Effluent Management method for public consultation. Submissions on the draft method close at 5.00 pm (AEST) Friday 12 April 2019.
15
Mar
2019
The Government has made changes to the Safeguard Mechanism to make it fairer and simpler.
07
Mar
2019