Clean Energy Future - Carbon Price

Country	Australia
Year Implemented	2011
Policy Status	In force
Date Announced	10-07-2011
Date Promulgated	08-11-2011
Date Effective	10-07-2011
Agency	•Department of Climate Change and Energy Efficiency •Department of Resources, Energy and Tourism •Department of Treasury •Department of Innovation, Industry, Science and Research •Department of Family, Housing, Community Services and Ingigenous Affairs •Clean Energy Regulator •Climate Change Authority •Productivity Commission
Further Information	•www.cleanenergyfuture.gov.au/clean-energy-future/an-overview-of-the-clean-energy-legislative-package/
Related Policies	Clean Energy Initiave Australian Renewable Energy Agency Clean Energy Finance Corporation Renewable Energy Target Clean Technology Program Clean Technology Focus for Supply Chains Remote Indigenous Energy Program Solar Flagships Program Australian Solar Institute Low Emissions Technology Demonstration Fund (Solar) Renewable Energy Demonstration Program ACRE Solar Projects Renewable Energy Venture Capital Fund Australian Biofuels Research Institute (ABRI) Emerging Renewables Program Geothermal Drilling Program Second Generation Biofuels Research and Development Program Connecting Renewables Initiative1 National Solar Schools Progeam
Policy Type	•Financial   •Taxes and Tax Incentives     •Tax
Policy Target	•Multiple Renewable Energy Sources   •Heating
Policy Sector	•Framework Policy
Description	The Government's Clean Energy Future package pulls together a range of existing programmes and measures, including those programmes funded through the AUD 5 billion Clean Energy Initiative (CEI). The Clean Energy Future package supports research, development, demonstration and deployment of clean and renewable energy technologies. Central to the package is the introduction of a carbon price that will cut pollution in the cheapest and most effective way and drive investment in new clean energy sources such as solar, gas and wind. The proposed starting price for CO2-e under the Clean Energy Future package is AUD 23 per ton, to be introduced in 2012-13, rising at 5 per cent a year plus inflation, until flexible pricing commences in 2015-16. Under the Clean Energy Future plan, the Government will also establish two new institutions to support the development of low emissions technologies: the AUD 10 billion Clean Energy Finance Corporation (CEFC) and the AUD 3.2 billion Australian Renewable Energy Agency (ARENA).
URL	www.cleanenergyfuture.gov.au/clean-energy-future/our-plan/
Legal References	The Clean Energy Legislative Package Clean Energy Bill 2011|Clean Energy Regulator Bill 2011|Climate Change Authority Bill 2011|Clean Energy (Consequential Amendments) Bill 2011