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Climate Change

Climate change continues to dominate the Federal and State Governments’ agendas with recent reports predicting that Australia’s emissions will rise steeply without decisive and effective new policy action.

The Federal Government is committed to achieving at least a 5% reduction in Australia’s greenhouse gas emissions by 2020 (from 2000 levels) and is now proposing a target of an 80% reduction by 2050 (from 2000 levels) in line with targets in the United Kingdom and Germany.

Details of the national Carbon Price Mechanism have been announced but there is still some uncertainty about the practical implementation of the scheme and how the legislation will be driven through in the current political environment. The proposed mechanism is part of a wider national climate change plan – Securing a Clean Energy Future – which places more emphasis on renewable energy, energy efficiency and Government assistance.

Businesses must now prepare for the various legal ramifications of the Carbon Price Mechanism and need to assess the impact of the carbon price on their business, review contracts to ensure they contain an appropriate mechanism for passing through or apportioning carbon costs and take steps to ensure their information gathering and disclosure obligations are met.

Corrs has been advising on the full spectrum of climate change policy issues and initiatives – from the National Greenhouse and Energy Reporting Scheme through to the trading of carbon, the Renewable Energy Target Scheme, strategies to prepare for a carbon price and an emissions trading scheme; and renewable energy projects.

We also have significant expertise on the implications of Commonwealth and State legislation on carbon capture and storage, having advised on one of Australia’s flagship carbon capture and storage demonstration plants, and on the legislative framework applying to renewable energy projects.

Our Experts

Bev Kennedy.jpg

Beverly Kennedy

Partner Location Melbourne Profile
BRENNANDeborahwebsitegeySIZEDTH.jpg

Deborah Brennan

Special Counsel Location Brisbane Profile
Louise Camenzuli.jpg

Louise Camenzuli

Partner Location Sydney Profile
Michael Mcginley.jpg

Michael MacGinley

Partner Location Brisbane Profile
Sue Davidson.jpg

Sue Davidson

Special Counsel Location Melbourne Profile

Our Experience

Renewable energy in WA

The Water Corporation recently invested in two significant renewable energy projects in Western Australia: the Mumbida Wind Farm and Greenough River Solar Farm, Australia’s first utility-scale solar farm.

The historic deal saw the Water Corporation purchase the entire output of both projects, which will offset the energy requirements from the Corporation’s Southern Seawater Desalination Plant south of Perth. 

The projects illustrate WA’s open and progressive approach to renewable power projects. Corrs advised on the purchase agreements.

More

Our Thinking

Draft carbon tax repeal legislation released - What does it mean for your business?

Repeal of the carbon tax is underway but uncertainty for business continues.

More

Are there ‘real changes’ ahead for Australia’s mining sector?

Tony Abbott has declared Australia is ‘open for business’ but will the Coalition’s promises translate to real change?

More

Carbon tax - Imminent deadlines or risk $1.7M penalty

Despite regulatory uncertainty, businesses must heed the June 2013 deadline for emissions reporting or risk severe penalties.

More

Linking the Australian and EU carbon markets - An overview of how, when and what this means for business

A one-way link between Australia’s CPM and the EU's emissions trading scheme has now been legislated. Is this good news for business?

More

Climate Change Authority proposes a more stable future for RET scheme

Policy stability is crucial to renewable energy investors. The CCA understands this but can it deliver with an election looming next year?

More

Renewable Energy: Is 20% by 2020 really achievable?

The NSW Government is committed to 20% renewable energy by 2020 but are the State’s environmental and planning laws a roadblock to renewable energy development?

More Download

Mechanics of the Carbon Pricing Mechanism

The Carbon Pricing Mechanism commenced on 1 July 2012, with around 300 companies required to acquire and surrender carbon permits.

More

Carbon Pricing Mechanism - Renewable Energy and Clean Technology

The renewable energy and clean technology sectors will receive a substantial boost under the Government’s climate change plan.

More

Carbon Pricing Mechanism - Industry assistance

Various sources of financial assistance will be available for the industries that are expected to be the hardest hit by the Carbon Pricing Mechanism.

More

Carbon Farming Initiative gives boost to bioenergy development

The introduction of the Carbon Farming Initiative (CFI) may boost bioenergy development in Australia, particularly in the waste-to-energy sector.

More

Will the government’s Clean Energy Finance Corporation really be a boon for green energy?

The government’s Clean Energy Finance Corporation will commence investing in green energy projects next year. But is it really a cure for the renewable sector’s malaise?

More

Securing a Clean Energy Future - What the Carbon Pricing Mechanism means for business

With the introduction of a carbon price imminent, businesses should now be assessing the impact that it will have on their activities and taking steps to prepare for its introduction.

More

Corrs Environment Team acts in landmark climate change case in Victoria

Our Melbourne Environment team recently acted for the Environment Protection Authority Victoria in a high profile, complex and intensely contested climate change case in the Victorian Civil and Administrative Tribunal.

More Download

Green marketing: a win-win for business?

The introduction of the carbon price in Australia, coupled with the Australian Consumer Law replacing the Trade Practices Act, has businesses reconsidering their approach to green marketing. Find out how you can minimise your risk.

More

Carbon Price claims

How can businesses who make claims about the impact of the carbon price, avoid making misleading or false claims about the price of goods or services in breach of the Australian Consumer Law?

More

Carbon Price Legislation introduced into Parliament

A number of significant changes have been made to the Bill since the exposure draft was released in July this year. This article highlights a number of key changes that impact on the operation of the CPM.

More

Greenhouse gas reporting - The Carbon Pricing Mechanism triggers changes to NGERS

Various changes to the National Greenhouse and Energy Reporting Scheme (NGERS) are proposed to accommodate the carbon pricing mechanism and streamline existing reporting obligations. Have you reviewed and assessed the implications?

More

What cost a carbon price? ACCC oversight of carbon claims

The ACCC will be closely scrutinising business’ claims about the impact of the carbon price. What claims are likely to raise issues?

More

Carbon Price - Reason enough to consider offshore IT infrastructure?

IT is an integral part of all business, as well as our every day lives. With running costs anticipated to rise, how will the carbon price affect the industry and what does it mean for your organisation?

More

Passing on the cost of the Carbon Pricing Scheme - What does your service agreement allow for?

Frequently used cost “pass-through” mechanisms in services agreements are change in tax and change in law provisions - but these may have limited application in service agreements between data centre service providers and their customers for a number

More

Cost-benefit analysis - What are the risks associated with using offshore IT infrastructure and services?

Even where data centre customers face increased service charges as a result of electricity price increases, customers should carefully consider data security issues that arise when using offshore IT infrastructure and cloud offerings.

More

Carbon pricing & your IT Infrastructure - What to do now?

Customers of Australian data centres should review the terms of their service agreements, and consider the extent to which their service providers may be entitled to pass on additional operational costs.

More

The Carbon Price - Impacts on Australia's mining industry

The largest polluters in the mining sector will be directly impacted by the Carbon Price, but the flow on effects will be felt by the entire industry.

More

Carbon Price. Be Prepared.

Partner in Charge of our Melbourne Planning, Environment and Local Government group, Beverly Kennedy, talks about the implications of the carbon price.

More

Securing a clean energy future - What the Carbon Pricing Mechanism means for business

After months of speculation and intense political negotiations, on 10 July 2011 the Government provided more substance to the Carbon Pricing Mechanism that it announced in February this year.

More

Our Experience

Renewable energy in WA

The Water Corporation recently invested in two significant renewable energy projects in Western Australia: the Mumbida Wind Farm and Greenough River Solar Farm, Australia’s first utility-scale solar farm.

The historic deal saw the Water Corporation purchase the entire output of both projects, which will offset the energy requirements from the Corporation’s Southern Seawater Desalination Plant south of Perth. 

The projects illustrate WA’s open and progressive approach to renewable power projects. Corrs advised on the purchase agreements.

Our Thinking

Carbon Price. Be Prepared.

Partner in Charge of our Melbourne Planning, Environment and Local Government group, Beverly Kennedy, talks about the implications of the carbon price.

The Carbon Price - Impacts on Australia's mining industry

The largest polluters in the mining sector will be directly impacted by the Carbon Price, but the flow on effects will be felt by the entire industry.

Carbon Price - Reason enough to consider offshore IT infrastructure?

IT is an integral part of all business, as well as our every day lives. With running costs anticipated to rise, how will the carbon price affect the industry and what does it mean for your organisation?

Passing on the cost of the Carbon Pricing Scheme - What does your service agreement allow for?

Frequently used cost “pass-through” mechanisms in services agreements are change in tax and change in law provisions - but these may have limited application in service agreements between data centre service providers and their customers for a number

Cost-benefit analysis - What are the risks associated with using offshore IT infrastructure and services?

Even where data centre customers face increased service charges as a result of electricity price increases, customers should carefully consider data security issues that arise when using offshore IT infrastructure and cloud offerings.

Carbon pricing & your IT Infrastructure - What to do now?

Customers of Australian data centres should review the terms of their service agreements, and consider the extent to which their service providers may be entitled to pass on additional operational costs.

What cost a carbon price? ACCC oversight of carbon claims

The ACCC will be closely scrutinising business’ claims about the impact of the carbon price. What claims are likely to raise issues?

Corrs Environment Team acts in landmark climate change case in Victoria

Our Melbourne Environment team recently acted for the Environment Protection Authority Victoria in a high profile, complex and intensely contested climate change case in the Victorian Civil and Administrative Tribunal.

Securing a clean energy future - What the Carbon Pricing Mechanism means for business

After months of speculation and intense political negotiations, on 10 July 2011 the Government provided more substance to the Carbon Pricing Mechanism that it announced in February this year.

Greenhouse gas reporting - The Carbon Pricing Mechanism triggers changes to NGERS

Various changes to the National Greenhouse and Energy Reporting Scheme (NGERS) are proposed to accommodate the carbon pricing mechanism and streamline existing reporting obligations. Have you reviewed and assessed the implications?

Carbon Price Legislation introduced into Parliament

A number of significant changes have been made to the Bill since the exposure draft was released in July this year. This article highlights a number of key changes that impact on the operation of the CPM.

Carbon Price claims

How can businesses who make claims about the impact of the carbon price, avoid making misleading or false claims about the price of goods or services in breach of the Australian Consumer Law?

Green marketing: a win-win for business?

The introduction of the carbon price in Australia, coupled with the Australian Consumer Law replacing the Trade Practices Act, has businesses reconsidering their approach to green marketing. Find out how you can minimise your risk.

Securing a Clean Energy Future - What the Carbon Pricing Mechanism means for business

With the introduction of a carbon price imminent, businesses should now be assessing the impact that it will have on their activities and taking steps to prepare for its introduction.

Will the government’s Clean Energy Finance Corporation really be a boon for green energy?

The government’s Clean Energy Finance Corporation will commence investing in green energy projects next year. But is it really a cure for the renewable sector’s malaise?

Carbon Farming Initiative gives boost to bioenergy development

The introduction of the Carbon Farming Initiative (CFI) may boost bioenergy development in Australia, particularly in the waste-to-energy sector.

Carbon Pricing Mechanism - Industry assistance

Various sources of financial assistance will be available for the industries that are expected to be the hardest hit by the Carbon Pricing Mechanism.

Carbon Pricing Mechanism - Renewable Energy and Clean Technology

The renewable energy and clean technology sectors will receive a substantial boost under the Government’s climate change plan.

Mechanics of the Carbon Pricing Mechanism

The Carbon Pricing Mechanism commenced on 1 July 2012, with around 300 companies required to acquire and surrender carbon permits.

Renewable Energy: Is 20% by 2020 really achievable?

The NSW Government is committed to 20% renewable energy by 2020 but are the State’s environmental and planning laws a roadblock to renewable energy development?

Climate Change Authority proposes a more stable future for RET scheme

Policy stability is crucial to renewable energy investors. The CCA understands this but can it deliver with an election looming next year?

Linking the Australian and EU carbon markets - An overview of how, when and what this means for business

A one-way link between Australia’s CPM and the EU's emissions trading scheme has now been legislated. Is this good news for business?

Carbon tax - Imminent deadlines or risk $1.7M penalty

Despite regulatory uncertainty, businesses must heed the June 2013 deadline for emissions reporting or risk severe penalties.

Are there ‘real changes’ ahead for Australia’s mining sector?

Tony Abbott has declared Australia is ‘open for business’ but will the Coalition’s promises translate to real change?

Draft carbon tax repeal legislation released - What does it mean for your business?

Repeal of the carbon tax is underway but uncertainty for business continues.

Our Experts

Bev Kennedy.jpg

Beverly Kennedy

Partner Melbourne +61 3 9672 3404
BRENNANDeborahwebsitegeySIZEDTH.jpg

Deborah Brennan

Special Counsel Brisbane +61 7 3228 9494
Louise Camenzuli.jpg

Louise Camenzuli

Partner Sydney +61 2 9210 6621
Michael Mcginley.jpg

Michael MacGinley

Partner Brisbane +61 7 3228 9391
Sue Davidson.jpg

Sue Davidson

Special Counsel Melbourne +61 3 9672 3209