Welcome to the fifth edition of the energy briefing quarterly update!
Energy and climate have long been highly contentious in Australian politics. But as we enter the 2022 federal election cycle, the tides have turned: all major parties are now committed to net zero by 2050. But it may still be difficult to cut through the chaff and understand what it means for your business. Read the Energy and net zero in the 2022 election article to get your head around which proposed energy and net zero policies are relevant for your business.
Whilst the early closure of Eraring Power Station got the energy nerds excited, Russia’s invasion of Ukraine and the associated spikes in international - and Australian - oil and gas prices stole the energy story. Closer to home, the historic floods in Queensland and NSW are demonstrating the potentially ongoing impacts of climate change. NSW and Queensland are rolling out grants and support to businesses impacted by the the severe weather and floods.
As we edge closer to the end of the financial year, we’d be remiss to not remind you to leverage the Australian Government’s temporary full expensing tax depreciation incentive to boost the business case for energy upgrade. If you’re keen to learn more about this, Business Australia and the Energy Efficiency Council (EEC) will host a webinar on Thursday 7 April 2022.
If you’re not yet familiar with this newsletter for businesses looking to manage the risks – and capture the opportunities – of Australia’s energy transition and net zero transformation, it is a quarterly update from the Energy Efficiency Council (EEC) bringing you practical, up-to-date information on grant opportunities, energy markets and energy policy.
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Don’t forget to check out all the other great resources at energybriefing.org.au.
With kind regards,
Holly Taylor
Head of Projects
Energy Efficiency Council
ENERGY AND NET ZERO IN THE 2022 ELECTION: CUTTING THE CHAFF AND UNDERSTANDING WHAT IT MEANS FOR YOUR BUSINESS
With Australia’s net zero transformation a large focus of the 2022 election, learn what the major parties have to say when it comes to helping businesses with navigating their journey to net zero.
national policy update
The energy landscape in Australia has changed drastically since our last update in December. With an upcoming election, announced early closures of coal-fired power stations, and more, learn what the national policy landscape looks like this quarter.
national energy markets
Renewable generation continues to set records as coal- and gas-fired electricity generation falls across Australia. At the same time, Russia’s invasion of Ukraine has lead to additional volatility and record highs in gas prices.
Read on to learn about the trends defining Australia’s energy markets.
UPCOMING EVENT: LEVERAGING TAX INCENTIVES TO IMPROVE ENERGY PERFORMANCE
On Thursday 7 April at 2pm AEST, Business Australia and the Energy Efficiency Council (EEC) will host a panel discussion on how the Australian Government’s tax incentives can - and should - be used for investments in energy upgrades.
The webinar will explore the Leveraging tax incentives to improve energy performance guide we released in late 2021, with experts discussing how the tax depreciation incentives make investing in energy upgrades a financially and strategically smart decision.
This webinar was originally scheduled for 17 February 2022. If you registered for the original event, you will automatically be signed up for this rescheduled event.
grants and incentives - what’s new and what’s closing soon?
Browse the latest grants and other support available to business from government.
Resources
There are wealth of resources available on energybriefing.org.au for businesses, including the most recent version of the briefing for Australian businesses, sector spotlights and energy 101s, as well as other relevant resources from the Energy Efficiency Council and leading industry partners.
This is the fifth edition of the energy briefing quarterly update. Previous editions are available at energybriefing.org.au/quarterly-updates
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About Navigating a dynamic energy landscape
There is an enormous amount of information on energy in the public domain, yet it can be hard for business leaders to extract what matters for their businesses.
Navigating a dynamic energy landscape: a briefing for Australian businesses is an executive-level briefing designed to cut through the noise and help businesses confidently navigate Australia’s dynamic energy landscape.
The sector spotlights and other resources that accompany the briefing exist to support this aim.
This initiative is delivered by the Energy Efficiency Council with the support of industry and the NSW Department of Planning and Environment.
To learn more visit energybriefing.org.au.