Aluminium and gas companies that have a pipeline of energy efficiency projects will move quickly to snare ERF contracts, according to carbon analyst Reputex.
The Federal Government today repealed the Energy Efficiency Opportunities regulations ahead of the repeal of the main Act, and gazetted changes to the Carbon Farming Initiative.
The carbon compliance burden on industry is still too high, the EEO scheme serves no purpose and the RET is badly designed, says the Business Council of Australia.
The Energy Efficiency Opportunities scheme will be axed from July 1 next year and not charging large emitters means the Budget will be $7.4 billion worse off by the end of FY2017, Treasurer Joe Hockey revealed today.