The Emissions Reduction Fund (ERF) has formally commenced, and the first auction will have been held in mid March 2015.
Businesses or organisations wishing to participate in the ERF will need to have projects registered and satisfy the auction pre-qualification requirements. Before this step is undertaken, an understanding of whether a project complies with the relevant rules (such as additionality and requirements of the methodology determinations) will be required. It is also likely that potential bidders will need to undertake a feasibility assessment to obtain internal approvals.
Finally, once projects have been successfully registered and bidders are pre-registered to participate in an auction, they will need to give thought to their bidding strategy.
Rebecca provided interested parties with an overview of the different steps and processes that will need to be considered for those wishing to participate in the ERF, and an understanding of the opportunities or hurdles that the ERF presents.
Presenter - Rebecca Hoare, Partner Norton Rose Fulbright
Rebecca Hoare is an environment and planning lawyer based in Brisbane.
Winner of the 2008 UDIA Women in Development Excellence Award for her achievement in environmental law, Rebecca’s principal areas of expertise are environmental, climate change, native title, cultural heritage and planning law. Her deep interest in environmental law has led her to focus particularly on this area.
Rebecca provides high level and detailed advice to clients during the start up phase of their project to ensure that all required environmental planning approvals are identified and obtained and other environment risks are managed.
Environmental enforcement agencies are proving themselves more willing to investigate and enforce potential non-compliance. Rebecca has a great deal of experience in assisting clients and their staff during this often difficult time. Her relationships with the enforcement agencies allow her to work constructively with these agencies in the interests of the client.
Rebecca has a particular interest in climate change. She assists clients to take advantage of business opportunities which arise out of the latest developments in this area