|Policy Type:||Regulatory Instruments>Obligation schemes , Information and Education>Advice/Aid in Implementation, Information and Education>Information provision, Economic Instruments>Fiscal/financial incentives>Loans, Policy Support>Strategic planning, Regulatory Instruments>Monitoring, Regulatory Instruments>Auditing, Regulatory Instruments>Other mandatory requirements, Economic Instruments>Fiscal/financial incentives>Grants and subsidies, Policy Support|
|Policy Target:||Industry, Carbon Capture Storage, Energy Sector>Electricity Generation, Energy Sector>Electricity Generation>Fossil fuels (Coal, gas, oil), Energy Sector>Electricity Generation>Renewable|
|Agency:||Queensland Department of Mines and Energy|
In June 2007 the Queensland government released its Smart Energy Policy, part of its Climate Smart 2050 strategy. The primary Smart Energy Policy initiatives include: Queensland Renewable Energy Fund (QREF) of AUD 50 million. The fund supports the development and deployment of innovative renewable energy generation technologies in Queensland. Round One closed on 26 May 2008 and applications are now progressing through technical, economic and financial assessment. Successful projects will be announced towards the end of 2008. Smart Energy Savings Program, requiring Queenslands medium- to- large energy users to complete energy conservation audits and develop energy management plans detailing actions that reduce energy use. This programme is supported by the Queensland Smart Energy Savings Fund. The AUD 50 million Fund provides grants and secured concessional loans distributed through competitive funding rounds to Queensland-based businesses to invest in commercial energy saving projects. The 10% Renewable and Low Emission Energy Target Scheme, under which electricity retailers will be required to source 10% of their electricity sales from Queensland-based renewable or low-emissions generators by 2020. The Scheme will have an initial target of 6% by 2015, increasing to 10% by 2020 and remaining constant at 10% until 2030. Electricity retailers that do not source enough of their electricity from renewable and low emission generators will incur financial penalties. A feed-in tariff of AUD 44 cents/kWh, known as the Solar Bonus Scheme, for electricity generated by solar photovoltaic (PV) systems and exported to the grid on an instantaneous net metering basis. The deployment of Home EnergyWise Kits, providing tools developed to assist households self assess their appliance energy use and identify measures to lower their electricity bill. Households will also be able to borrow the EnergyWise Appliance Tester toolbox from their local library, containing a portable electricity usage meter and energy auditing information and check list. A Smart Carbon geosequestration initiative, with AUD 10 million of funding, undertaken through the Geological Survey of Queensland. The initiative will assess, evaluate and categorise geological sites in Queensland that have the potential for long-term, safe and secure storage of carbon dioxide emissions. Establishment of a Clean Coal Council, to provide advice regarding funding priorities and projects to achieve the objective of accelerated development, deployment, and widespread use of clean coal technology. The council comprises senior government officials, coal industry representatives, and research institution representatives. Since January 2005, Queensland electricity retailers and large electricity users have been required to source at least 13% of their electricity from gas-fired generators. Building on this, the target is increased to 18% by 2020. For new electricity generation, coal-fired projects will only be considered where power stations can demonstrate either: -the ability of future integration with clean coal or carbon capture and storage; or -that the project is tied to direct foreign investment in a major energy-intensive project in Queensland which might otherwise be attracted to a nation that is a Non-Annex 1 country under the Kyoto Protocol (less stringent emissions standards regarding electricity generation), and they adopt best practice generation technology, or -Queenslands energy supply security is compromised and alternative energy sources are not economical in the timeframe.
|Related policies:||Queensland Solar Bonus Scheme|
Last modified: Tue, 08 Apr 2014 11:30:39 CEST