The Department of Environment has released the February update to its $2.55 billion Emissions Reduction Fund (ERF).
As a federal program, the ERF supports businesses and households to take practical, direct action to reduce emissions and improve the environment, and focuses on delivering a ‘long-term framework for stable and sustainable climate change policy’.
Notably, the February update provides approval of the proposed methodology for the recognition of carbon reductions from Commercial Building Energy Efficiency projects.
The built environment has been widely recognised in the environmental sector as a crucial contributor to economy wide emissions attributable to both operation and embodied environmental impacts.
However, the ERF program adopts the NABERS energy ratings and tools to measure and quantify emissions reductions from operational energy savings due to the energy efficiency activity. Working form an established baseline, energy efficiency gains measured through the NABERS scheme in commercial buildings are now eligible offsets in the pursuit of the governments goal of reducing emissions 5% below 2000 levels by 2020.
Further information on the methodology’s use or application are dealt with by the Clean Energy Regulator.