Media Release: New Tool to model Australian policy scenarios to meet 2030 emissions target

Share on FacebookShare on Google+Tweet about this on TwitterShare on LinkedInEmail this to someone

MELBOURNE, September 21, 2016 – Energy advisory firm, RepuTex, today announced the release of a new online tool, enabling business and policymakers to construct their own policy pathway to meet Australia’s 2030 emissions reduction target.

Following the release of the Climate Change Authority’s Special Review, which proposed a “toolkit” of policy measures to meet Australia’s target, but made few detailed policy recommendations, the RepuTex Energy and Climate Policy Tool (ECP Tool) enables users to forecast emissions and under different policy scenarios to meet 2030 targets.

As policymakers and businesses begin to explore the best mechanisms to enable policy reform, the Tool is designed to inform policy development, while overcoming considerable data gaps in the understanding national emissions, particularly with respect to the impact of proposed climate and energy policy.

“To date, there has been little transparency on Australia’s long-term emissions, with official projections often outdated in terms of policy and economic assumptions in the rapidly changing energy environment”.

“This has made it difficult for businesses and policymakers to accurately measure the size of Australia’s 2030 emissions reduction task, or understand the influence of policy and economic factors on the shape of the market,” said RepuTex Executive Director, Hugh Grossman.

“The ECP Tool aims to overcome this gap, helping business and policymakers to better understand how state and federal policy levers interact, and ultimately, to inform policy development to meet the 2030 target”.

The ECP Tool enables users to better understand what combination of policies could serve as a pathway to meet Australia’s emissions reduction target, with users able to select pre-built policy scenarios, or adjust the strength of individual policy settings, scaling the ambition of policy from ‘little to no effort’ to reduce emissions (level 0) to ‘deeper decarbonisation’ policy settings (level 5).

The Tool covers national energy and climate policy including Renewable Energy Targets (state and federal), energy and vehicle productivity under the National Energy Productivity Plan (NEPP), the decarbonisation of the electricity sector, ERF funding, and state land clearing regulation.

The tool also enables users to design emissions baseline allocation methods under the government’s safeguard mechanism, selecting between absolute or emissions intensity baselines, and the rate and shape of baseline decline, such as linear and convergence methods.

A free version of the ECP Tool is available for public use, with RepuTex subscribers able to access two versions of the full tool via their existing subscriptions.

To learn more about this offering, and to access the ECP tool, please visit www.reputex.com

RepuTex is Australia’s largest provider energy and emissions market analysis, with customers at over 150 power, energy, metals, mining, land-use, waste, financials and government agencies.

MEDIA CONTACTS:

RepuTex Executive Director, Hugh Grossman, is available for comment. Please contact RepuTex Melbourne on +61 3 9600 0990.

LATEST UPDATES

  • Carbon Markets

    INSIGHTS: Election 2022 – Market impacts, and where to next for the ALP’s “Safeguard Mechanism 2.0”?

    Share on FacebookShare on Google+Tweet about this on TwitterShare on LinkedInEmail this to someone

    The Federal Election has been run and won, with the Australian Labor Party (ALP) confident […]

    Research Insights | May 24th, 2022
  • Carbon Markets

    UPDATE: Carbon Offset Market Report – ACCU spot and forward prices trade higher, premium units trade in volume

    Share on FacebookShare on Google+Tweet about this on TwitterShare on LinkedInEmail this to someone

    The Australian carbon offset market sprung back to life last week, with renewed demand from […]

    Research Insights | May 13th, 2022
  • Carbon Markets

    UPDATE: Election scenarios – Possible outcomes and implications for ACCU prices

    Share on FacebookShare on Google+Tweet about this on TwitterShare on LinkedInEmail this to someone

    With just two weeks to run until the Australian federal election, the 47th Parliament is […]

    Research Insights | May 10th, 2022
  • Carbon Markets

    UPDATE: Options market comes to life as buyers hedge against price increases

    Share on FacebookShare on Google+Tweet about this on TwitterShare on LinkedInEmail this to someone

    The options and futures market for Australian Carbon Credit Units (ACCUs) came to life late […]

    Research Insights | May 9th, 2022
  • Carbon Markets

    UPDATE: Carbon Offset Market Report – Incentive for ERF exit weakens as ACCU market softens, issuance closes in on 110 million

    Share on FacebookShare on Google+Tweet about this on TwitterShare on LinkedInEmail this to someone

    The local carbon market briefly awoke from its recent slumber over the last week, with […]

    Research Insights | May 5th, 2022
  • Download this free report

    To start your free download, simply fill in the below form. You will also receive our future updates, event invitations, and research insights by email.
    Share on FacebookShare on Google+Tweet about this on TwitterShare on LinkedInEmail this to someone
  • Quick Navigation

  • Carbon Market

    Learn more about our Australian carbon price and market analysis
  • Electricity

    Learn more about our modelling and price outlooks for the NEM
  • EnergyIQ platform

    Access the latest market data with our EnergyIQ platform
  • Latest Insights

    View our latest articles, white papers, reports and publications