The Commonwealth-Tasmania Bilateral Energy and Emissions Reduction Agreement: What You Need to Know
In December 2020, the Commonwealth of Australia and the state of Tasmania signed a bilateral agreement to reduce greenhouse gas emissions and increase renewable energy production. This agreement, known as the Commonwealth-Tasmania Bilateral Energy and Emissions Reduction Agreement (BEERA), represents an important step in Australia`s efforts to mitigate climate change.
What is BEERA?
The BEERA is a five-year agreement that sets out a framework for cooperation between the Commonwealth and Tasmania on energy and emissions reduction. Its main objectives include:
– Reducing greenhouse gas emissions in Tasmania
– Increasing the share of renewable energy in Tasmania`s energy mix
– Supporting the development of innovative energy technologies
– Enhancing energy efficiency in buildings and industry
– Strengthening the resilience of Tasmania`s energy systems to climate change impacts
Why is BEERA important?
Australia is one of the largest carbon emitters per capita in the world, and Tasmania`s emissions are a significant contributor to this problem. The BEERA is important because it represents a joint effort between the Commonwealth and Tasmania to tackle this issue by reducing greenhouse gas emissions and increasing the adoption of clean energy technologies.
Tasmania has significant renewable energy resources, including hydro, wind, and solar power, and the BEERA aims to tap into this potential by increasing the share of renewable energy in the state`s energy mix. By doing so, Tasmania can reduce its reliance on fossil fuels and contribute to Australia`s overall emissions reduction targets.
In addition, the BEERA aims to support the development of innovative energy technologies, such as battery storage, hydrogen production, and carbon capture and storage. These technologies have the potential to revolutionize the energy sector and reduce greenhouse gas emissions on a large scale.
How will BEERA be implemented?
The BEERA sets out a number of actions for both the Commonwealth and Tasmania to undertake in order to achieve its objectives. These include:
– Developing a joint implementation plan
– Undertaking a feasibility study for a renewable hydrogen industry in Tasmania
– Supporting the deployment of large-scale renewable energy projects
– Supporting the uptake of energy-efficient technologies in buildings and industry
– Investing in research and development of innovative energy technologies
The BEERA will be overseen by a Joint Steering Committee, which will be responsible for monitoring its progress and identifying any areas that require further action.
Conclusion
The Commonwealth-Tasmania Bilateral Energy and Emissions Reduction Agreement is an important step forward in Australia`s efforts to mitigate climate change. By reducing greenhouse gas emissions and increasing the adoption of clean energy technologies in Tasmania, the BEERA has the potential to contribute significantly to Australia`s overall emissions reduction targets. The implementation of the BEERA will require strong collaboration between the Commonwealth and Tasmania, as well as ongoing investment in innovative energy technologies.
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