Could Landfill be the answer to ERF’s 300Mt Shortfall?
Market analysts RepuTex claim that the Emissions Reduction Fund (ERF) will be undersupplied when it is introduced in July. In attempt to meet its five per cent emissions target by 2020 the government looks to currently be facing a shortfall of 300 million tonnes, raising the question, could landfills make up a portion of this gap?
The domestic market needs an average of 70Mt of abatement each year from 2015 to 2020 in order to meet its cumulative abatement challenge of 421Mt tonnes, which is equal to a five per cent reduction in emissions from the levels in the year 2000.
However RepuTex’s latest report entitled ERF Prices: Powering Up or Powering Down predicted that the ERF will be forced to purchase between 30 and 120 million Australian Carbon Credit units (ACCUs) by 2020.
Read the full article on the Business Environment Network website; a principal media partner of the Australasian Waste & Recycling Expo.