$240M has been handed out to some of Australia’s largest coal producers to purchase carbon permits to offset their carbon price liabilities and to undertake emissions abatement activities.
The Coal Sector Jobs Package (CSJP) Program will provide transitional assistance to coal mines that have a high fugitive emissions-intensity. The objective is to ease their transition to the introduction of a carbon price, thereby supporting jobs and the local communities that rely on the mines. The program is administered by the Department of Resources, Energy and Tourism (the Department). The CSJP is being implemented as part of the Government’s Clean Energy Future (CEF) Package.
The CSJP will provide up to $1.257 billion over six years (five years of funding) for targeted transitional assistance to the most fugitive emissions-intensive mines to ease their transition to the introduction of a carbon price. Payments will be up to a maximum of 80 per cent of the extent to which fugitive emission intensity is above the 0.1 tonne of CO2-e per tonne of saleable coal production threshold in 2008-09.
The objectives of the CSJP are to:
On 10 July 2011 the Government announced its plan for a Clean Energy Future (the plan). The CSJP is a central element of the Government’s comprehensive plan to move Australia to a clean energy future.
The Program Administrative Guidelines for the CSJP were published on 19 December 2011.
To have been considered for funding, a fully completed application form must have been received by the Department of Resources, Energy and Tourism by 5pm AEST time on 29 February 2012.