2021 Energy Masterclass Series: Future Fuels – the Commonwealth Government strategy and market, regulatory and contractual insights
The third and final Masterclass session for 2021 will provide insights and an overview of the Future Fuels Strategy and hydrogen and bio-fuels energy strategy as proposed by the Commonwealth Government’s Department of Industry, Science, Energy and Resources.
This session will cover:
- the Commonwealth Government’s Future Fuels Strategy
- key market and commercial issues arising from the strategy and trends and opportunities for the integration and development of hydrogen and biofuels
- Australia’s Certification Scheme
- contractual structures – early trends and observations
- regulatory reform to accommodate hydrogen and renewable gases
Australia’s energy markets are currently undergoing significant transformation as the energy sector pushes forward with the energy transition to a net-zero carbon economy. The Energy Security Board (ESB) and the Australian Government along with several of the State Governments have been tasked with leading the design and implementation of a National Electricity Market (NEM) 2.0. The NEM 2.0 will be designed to integrate high amounts of renewable energy in-front through the development of renewable energy zones (REZs) and behind-the-meter, along with retiring and new dispatchable power and various forms of storage technologies. Alongside the electricity sector reforms being led by the ESB as part of the NEM 2025 proposal, the Australian Government, businesses and regulators are also putting measures in place to establish frameworks to accelerate and promote investment in low emissions technologies across the energy sector.
As an extension of our 2020 series, Baker McKenzie and market-leading energy consultancy Cornwall Insight Australia are pleased to invite you to our final webinar in the series on Tuesday 7 December on Future Fuels – the Commonwealth Government strategy and market, regulatory and contractual insights.
During this session, Baker McKenzie and Cornwall Insight Australia will provide our combined legal and market insights.
Our first 2021 Energy Masterclass Series: State of the Market – ESB 2025 Market Reform Updates and REZ Zone Pathways Webinar & Materials are available here.