Welcome to the May edition of RepuTex’s Market Insider publication, our monthly update of the key events and activity shaping the Australian emissions markets.
THE STATE OF PLAY
Market focus shifts from “design” to “implementation”
With the Federal Budget confirming that $2.55 billion in funding will be allocated to the ERF via appropriations – with $1.1bn to be paid out in the first four years – attention now turns to the implementation of the scheme, with the Coalition favouring a legislated approach in order to grant broader powers to the Clean Energy Regulator to oversee the auctioning and contracting functions of its policy.