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ARTICLE · 04 JUNE 2020

The King Review: changes on the cards for the Emissions Reduction Fund

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The King Review was commissioned to report on how best to unlock low cost carbon abatement across the economy.

AustraliaEnvironment
Michael MacGinley
Michael MacGinley
Clare Corke
Clare Corke
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On 19 May 2020, the Commonwealth Government released its response to the King Review and its 26 recommendations that are targeted at ensuring Australia exceeds its 2030 emissions reduction commitments under the Paris Agreement. Practically, the King Review recommends that this must occur via an expansion of the voluntary demand for Australian Carbon Credit Units (ACCUs) and abatement while simultaneously creating a more dynamic supply where abatement occurs across a greater range of sectors and technologies.

Background to the King Review

In October 2019, an expert panel, chaired by Grant King (former President of the Business Council of Australia and CEO of Origin Energy), was commissioned by the Minister for Energy and Emissions Reduction, Angus Taylor, to report on how best to unlock low cost carbon abatement across the economy. A particular emphasis was placed on low cost carbon abatement opportunities in the industrial, transport and agriculture sectors.

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