ARTICLE · 24 AUGUST 2018

What is next for the National Energy Guarantee (NEG)?

Norton Rose Fulbright Australia

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The introduction of the Commonwealth Bill containing the emissions reduction target for the NEG has been put on hold.

AustraliaEnvironment

Jacqueline Plant

Laura Jayne Waterford

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What's happened at the Federal level?

Speaking at a press conference yesterday, Prime Minister Malcolm Turnbull has announced that the introduction of the much anticipated Commonwealth Bill containing the emissions reduction target for the National Energy Guarantee (NEG) has been put on hold.

As originally proposed, key elements of the NEG which were to be within the remit of Commonwealth legislation included:

what the emissions reduction target will be and how/when it will be reviewed;
exemptions for emissions-intensive trade-exposed (EITE) activities; and
the use of Australian Carbon Credits Units (ACCUs) to offset liable entities' emissions reduction obligations.

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