author/sid-bansal/feed

<?xml version="1.0" encoding="UTF-8"?><rss version="2.0" xmlns:content="http://purl.org/rss/1.0/modules/content/" xmlns:wfw="http://wellformedweb.org/CommentAPI/" xmlns:dc="http://purl.org/dc/elements/1.1/" xmlns:atom="http://www.w3.org/2005/Atom" xmlns:sy="http://purl.org/rss/1.0/modules/syndication/" xmlns:slash="http://purl.org/rss/1.0/modules/slash/" > <channel> <title>Sid Bansal, Author at Northmore Gordon</title> <atom:link href="https://northmoregordon.com/author/sid-bansal/feed/" rel="self" type="application/rss+xml" /> <link>https://northmoregordon.com/author/sid-bansal/</link> <description>Energy Efficiency Consultancy Company</description> <lastBuildDate>Mon, 31 Aug 2026 08:18:55 +0000</lastBuildDate> <language>en-US</language> <sy:updatePeriod> hourly </sy:updatePeriod> <sy:updateFrequency> 1 </sy:updateFrequency> <generator>https://wordpress.org/?v=7.1.3</generator> <image> <url>https://northmoregordon.com/wp-content/uploads/2020/05/favicon-150x150.png</url> <title>Sid Bansal, Author at Northmore Gordon</title> <link>https://northmoregordon.com/author/sid-bansal/</link> <width>32</width> <height>32</height> </image> <item> <title>SRES expansion: STC eligibility to increase from 100 kW to 1 MW from October 2026</title> <link>https://northmoregordon.com/government-scheme-updates/sres-expansion-stc-eligibility-to-increase-from-100-kw-to-1-mw-from-october-2026/</link> <dc:creator><![CDATA[Sid Bansal]]></dc:creator> <pubDate>Thu, 06 Aug 2026 00:23:47 +0000</pubDate> <category><![CDATA[Government Scheme Updates]]></category> <guid isPermaLink="false">https://northmoregordon.com/?p=32822</guid> <description><![CDATA[The Australian Government has announced a major expansion of the Small-scale Renewable Energy Scheme, increasing the maximum eligible solar PV system size from 100 kW to 1 MW. Expected to commence on 1 October 2026, subject to the required regulations being made, the change is intended to reduce the upfront cost of medium-sized commercial, industrial,... The post <a href="https://northmoregordon.com/government-scheme-updates/sres-expansion-stc-eligibility-to-increase-from-100-kw-to-1-mw-from-october-2026/">SRES expansion: STC eligibility to increase from 100 kW to 1 MW from October 2026</a> appeared first on <a href="https://northmoregordon.com">Northmore Gordon</a>. ]]></description> <content:encoded><![CDATA[ The Australian Government has announced a major expansion of the Small-scale Renewable Energy Scheme, increasing the maximum eligible solar PV system size from 100 kW to 1 MW. Expected to commence on 1 October 2026, subject to the required regulations being made, the change is intended to reduce the upfront cost of medium-sized commercial, industrial, agricultural and community solar installations by around 20 per cent. What has been announced Minister for Climate Change and Energy Chris Bowen announced the expansion on 5 August 2026 as part of the government’s plan to increase solar uptake among larger energy users. Under the change, solar systems with a capacity of up to 1 MW will be able to access small-scale technology certificates through the existing SRES. The current maximum system size is 100 kW. “We’re putting more rooftops to work and helping businesses, farms and community organisations cut energy costs by slashing the cost of installing medium-sized solar systems by around 20 per cent,” Mr Bowen said. “We’re fixing that by expanding support to systems up to 1 MW, unlocking the potential of commercial rooftops and helping businesses cut power bills, invest in growth and create jobs.” The expansion will use the existing SRES certificate market administered by the Clean Energy Regulator. It is not a new grant or standalone rebate program. Eligible installations will create certificates that can be traded through the existing market. Who the expansion is intended to support The higher threshold is aimed at the commercial and industrial solar market, including: <ul class="wp-block-list"> <li>manufacturers</li> <li>farms and agricultural businesses</li> <li>retailers and shopping centres</li> <li>warehouses and logistics facilities</li> <li>schools and hospitals</li> <li>community organisations</li> </ul> The government said larger energy users had previously been unable to access the same upfront SRES support available to households and smaller businesses because of the existing 100 kW limit. Mr Bowen said the expansion would help “manufacturers, farmers, retailers, logistics centres, schools, hospitals and community organisations reduce energy costs”. Indicative project benefits The government estimates that expanding the SRES could reduce the upfront installation cost of eligible systems by around 20 per cent. Its indicative examples include: <ul class="wp-block-list"> <li>approximately $68,000 off the cost of a 250 kW solar system</li> <li>approximately $136,000 off the cost of a 500 kW system</li> </ul> The government estimates a 250 kW system could generate around 345 MWh of electricity each year and save a medium-sized business approximately $50,000 annually. An 850 kW system could generate around 1,173 MWh and save an industrial energy user around $175,000 annually. Actual outcomes will depend on the site, electricity consumption, system performance, certificate prices and commercial arrangements. Expected commencement The expanded SRES is expected to commence on 1 October 2026, subject to the necessary regulations being in place. Businesses considering systems between 100 kW and 1 MW will need to review the final regulations before relying on the proposed commencement date or estimated certificate benefit. Potential impact on LGC projects Solar installations above 100 kW have traditionally been considered for accreditation under the Large-scale Renewable Energy Target, allowing eligible generation to create large-scale generation certificates. Moving the SRES threshold to 1 MW is likely to make STCs the more attractive certificate pathway for many new projects within the 100 kW to 1 MW range because the benefit is generally reflected upfront, rather than being created progressively from metered generation. This may reduce the future volume of new LGC-generating solar systems below 1 MW. However, Northmore Gordon’s preliminary view is that the practical effect on the broader LGC market may be limited, given the relatively modest contribution of these mid-scale systems to total LGC supply. The final impact will depend on the regulations, the STC calculation methodology and the transition arrangements for projects already pursuing LGC accreditation. What the change could mean for Solar VEECs Victorian commercial solar projects can also be eligible to create Victorian Energy Efficiency Certificates under Activity 47 and other Victorian Energy Upgrades measurement and verification pathways. Activity 47 currently supports deemed VEEC creation for eligible commercial and industrial solar systems between 30 kW and 200 kW. Larger projects can be considered through streamlined or advanced measurement and verification methods. Northmore Gordon’s existing guidance also notes that eligible projects may be able to claim VEECs alongside STCs or LGCs, subject to the relevant program requirements. The expansion of STCs to 1 MW could therefore improve the combined certificate value available to some Victorian projects rather than necessarily displacing VEEC opportunities. Northmore Gordon does not currently expect the announcement alone to have a significant effect on VEEC market volumes or pricing. However, the detailed treatment of larger systems under the expanded SRES will need to be reviewed against the Victorian Solar Project-Based Activities rules once the federal regulations are released. For more information on Activity 47 and the available C&I Solar VEEC pathways, see <a href="https://northmoregordon.com/articles/earn-more-from-ci-solar/?utm_source=chatgpt.com">Earn More from C&I Solar – What Activity 47 Means for You</a>. Network connection reforms also proposed The government has also committed to pursuing targeted rule changes and improvements to the existing connection framework for mid-scale solar projects. This is significant because network connection assessments, export constraints and approval timeframes can materially affect commercial solar project costs and delivery schedules. The announcement does not yet provide detailed changes or a timetable for the proposed connection reforms. Key details still to be confirmed The government’s release provides the headline threshold and expected commencement date but does not yet explain: <ul class="wp-block-list"> <li>whether extensions to existing solar systems will qualify</li> <li>how STCs will be calculated for systems above 100 kW</li> <li>the applicable deeming period</li> <li>installer, designer and accreditation requirements</li> <li>how projects contracted or under construction before 1 October will be treated</li> <li>the transition process for projects currently seeking LGC accreditation</li> <li>the detailed interaction with Victorian Solar PBA VEECs</li> <li>whether specific restrictions will apply when combining solar STCs with other state certificate incentives</li> <li>how the declining SRES obligations through to 2030 will affect certificate creation for larger systems</li> </ul> The government said the SRES retailer compliance obligation will continue to decline annually through to 2030. However, the release does not explain the precise deeming arrangements that will apply to newly eligible systems. What businesses and solar providers should do next Businesses planning a solar system between 100 kW and 1 MW should avoid finalising their certificate strategy based solely on the headline announcement. Project owners, developers and installers should review: <ul class="wp-block-list"> <li>the likely STC benefit under the final regulations</li> <li>whether the project has already commenced or entered binding contracts</li> <li>potential eligibility for VEECs or other state incentives</li> <li>whether an existing LGC application should continue</li> <li>certificate ownership provisions in installation, finance and power purchase agreements</li> <li>network connection requirements and expected approval timeframes</li> </ul> Northmore Gordon will provide a further update when the regulations and implementation guidance are released. For support comparing STCs, LGCs, Solar VEECs and other certificate pathways for a commercial solar project, contact Northmore Gordon before committing to a certificate or contracting approach. Official source: Australian Government – Putting more roofs to work: minister.dcceew.gov.au/bowen/media-releases/putting-more-roofs-work/ The post <a href="https://northmoregordon.com/government-scheme-updates/sres-expansion-stc-eligibility-to-increase-from-100-kw-to-1-mw-from-october-2026/">SRES expansion: STC eligibility to increase from 100 kW to 1 MW from October 2026</a> appeared first on <a href="https://northmoregordon.com">Northmore Gordon</a>. ]]></content:encoded> </item> <item> <title>$100 million renewable energy program to fast-track grid-ready solar and battery projects</title> <link>https://northmoregordon.com/news/100-million-renewable-energy-program-to-fast-track-grid-ready-solar-and-battery-projects/</link> <dc:creator><![CDATA[Sid Bansal]]></dc:creator> <pubDate>Tue, 04 Aug 2026 23:57:46 +0000</pubDate> <category><![CDATA[News]]></category> <guid isPermaLink="false">https://northmoregordon.com/?p=32819</guid> <description><![CDATA[The Australian Government has committed $100 million to help small and medium-sized renewable energy projects overcome financing barriers and move into construction sooner. The investment will support up to 16 hybrid solar, battery storage and battery retrofit projects through a new financing initiative delivered by the Clean Energy Finance Corporation and Infradebt. What has been... The post <a href="https://northmoregordon.com/news/100-million-renewable-energy-program-to-fast-track-grid-ready-solar-and-battery-projects/">$100 million renewable energy program to fast-track grid-ready solar and battery projects</a> appeared first on <a href="https://northmoregordon.com">Northmore Gordon</a>. ]]></description> <content:encoded><![CDATA[ The Australian Government has committed $100 million to help small and medium-sized renewable energy projects overcome financing barriers and move into construction sooner. The investment will support up to 16 hybrid solar, battery storage and battery retrofit projects through a new financing initiative delivered by the Clean Energy Finance Corporation and Infradebt. What has been announced The Clean Energy Finance Corporation, or CEFC, is working with infrastructure debt manager Infradebt to establish the Distribution Connected Accelerator Program. The program will provide concessional senior debt to eligible renewable energy projects, with applicants to be selected by Infradebt through a competitive process. The government said the initiative is intended to address the financing challenges faced by smaller renewable energy projects. While these projects may be technically viable, traditional project finance is often structured around larger developments. Projects supported through the program are expected to progress towards construction in 2027. Which projects will the program support? The program will primarily target projects with capacity of up to 5 MW, although larger projects may also be considered where appropriate. Potential projects include: <ul class="wp-block-list"> <li>hybrid solar and battery developments</li> <li>standalone battery energy storage projects</li> <li>battery retrofits for existing renewable energy projects.</li> </ul> These projects occupy what the government describes as the “missing middle” between household rooftop solar and major utility-scale renewable energy developments. They may be large enough to supply renewable electricity or grid services to local businesses and communities, while remaining small enough to connect to existing electricity distribution infrastructure. Why distribution-connected projects matter Connecting renewable energy projects to existing distribution networks can, in some circumstances, allow them to be developed more quickly than projects that depend on major new transmission infrastructure. The government says the program will help make better use of existing poles, wires and network capacity, allowing additional renewable generation and storage to connect at a potentially lower cost and within a shorter timeframe. The projects may also strengthen local electricity networks by adding generation and storage closer to the businesses and communities that use the energy. Actual connection costs, timeframes and project viability will continue to depend on factors including local network capacity, technical requirements, approvals and individual project economics. What the funding means for renewable energy developers For developers, sponsors and investors, the program may provide a new debt-financing pathway for projects that are ready to proceed but are considered too small for conventional project finance. Access to concessional senior debt could help eligible projects address funding gaps, reach financial close and move into construction. However, the announcement does not mean that every distribution-connected renewable energy project will receive funding. Applicants will need to participate in Infradebt’s competitive selection process and demonstrate that their projects satisfy the relevant technical, commercial and delivery requirements. The new $100 million program builds on an earlier $150 million CEFC commitment to Infradebt. According to the government, Infradebt has financed more than 80 infrastructure projects over the past 13 years, including more than 40 distribution-connected renewable energy projects. How certificates and incentives may affect project economics Debt finance is only one component of a renewable energy project’s business case. Depending on the project’s technology, location, size and operating model, environmental certificates or government incentive schemes may also contribute to project revenue or reduce the effective capital cost. For battery developers and asset owners, Northmore Gordon’s <a href="https://northmoregordon.com/technologies/battery-storage-certificates/">Battery Storage Certificates guide</a> outlines certificate opportunities that may be available for eligible battery energy storage systems. In New South Wales, eligible battery projects may be able to create Peak Reduction Certificates under the Peak Demand Reduction Scheme. The applicable pathway depends on factors including the battery’s capacity, installation date, site type, network area, solar configuration and the relevant BESS activity. The new NSW BESS3, BESS4 and BESS5 activities are due to commence on 1 September 2026, covering eligible apartment, small and medium business, and larger commercial and industrial battery projects. In addition, the Federal Government has announced that solar systems up to 1MW will be eligible for STCs (small-technology certificates) under the SRET, further strengthening the economics for these mid-scale renewable energy projects. Developers should assess certificate eligibility before finalising equipment, project design or funding arrangements, as these decisions may affect the number and type of certificates a project can create. It is also important to distinguish the federal financing program from state-based certificate schemes. Receiving finance through the Distribution Connected Accelerator Program would not automatically make a project eligible for certificates or rebates. Opportunities for commercial solar projects Victorian commercial solar developers may also need to consider whether their projects qualify under the Victorian Energy Upgrades program. Northmore Gordon’s article, <a href="https://northmoregordon.com/articles/earn-more-from-ci-solar/">Earn More from C&I Solar – What Activity 47 Means for You</a>, explains the certificate pathway for eligible commercial and industrial solar installations. Activity 47 enables upfront deemed Victorian Energy Efficiency Certificates to be created for eligible solar photovoltaic systems between 30 kW and 200 kW. Larger Victorian solar systems may be able to access other measurement and verification pathways, depending on their size and circumstances. These certificate pathways are separate from the new federal financing program, but they may be relevant when developers assess the overall economics of eligible solar and hybrid projects. What prospective applicants should do next Developers, sponsors and investors with grid-ready renewable energy projects should monitor the detailed application and eligibility requirements released by Infradebt. Before applying, project proponents should be prepared to demonstrate: <ul class="wp-block-list"> <li>the project’s technical and commercial viability</li> <li>its connection status and available network capacity</li> <li>its proposed construction timetable</li> <li>the amount and structure of the required finance</li> <li>the project team’s delivery capability</li> <li>the availability of equity and any additional funding</li> <li>any relevant certificate, rebate or incentive opportunities.</li> </ul> Certificate eligibility and government funding should be assessed early in the development process. Project proponents should also confirm whether accepting one form of government support could affect access to another program. The Distribution Connected Accelerator Program creates a potential new financing pathway for grid-ready solar, battery and hybrid renewable energy projects. Developers and asset owners should consider the financing program alongside available environmental certificates, state-based incentives and other project revenue streams. Northmore Gordon can assist with assessing renewable energy and battery projects, identifying applicable certificate opportunities and incorporating available incentives into the project business case. Official source: Australian Government – Minister for Climate Change and Energy: $100 million to fast track grid-ready renewable energy projects, published 3 August 2026. The post <a href="https://northmoregordon.com/news/100-million-renewable-energy-program-to-fast-track-grid-ready-solar-and-battery-projects/">$100 million renewable energy program to fast-track grid-ready solar and battery projects</a> appeared first on <a href="https://northmoregordon.com">Northmore Gordon</a>. ]]></content:encoded> </item> <item> <title>Activity 47: A new way to fund commercial solar in Victoria.</title> <link>https://northmoregordon.com/articles/activity-47-a-new-way-to-fund-commercial-solar-in-victoria/</link> <dc:creator><![CDATA[Sid Bansal]]></dc:creator> <pubDate>Mon, 25 May 2026 22:31:17 +0000</pubDate> <category><![CDATA[Articles]]></category> <category><![CDATA[Article 47]]></category> <category><![CDATA[Certificates]]></category> <category><![CDATA[STCs]]></category> <category><![CDATA[VEECs]]></category> <category><![CDATA[VEU Program]]></category> <guid isPermaLink="false">https://northmoregordon.com/?p=32491</guid> <description><![CDATA[Activity 47, a new method in the Victorian Energy Upgrades (VEU) program, lets Victorian businesses bring future energy savings forward as an upfront discount on commercial solar.  What Activity 47 covers  Activity 47 applies to grid-connected commercial and industrial solar PV systems between 30 kW and 200 kW. That sizing suits factories, warehouses, offices, schools, healthcare facilities,... The post <a href="https://northmoregordon.com/articles/activity-47-a-new-way-to-fund-commercial-solar-in-victoria/">Activity 47: A new way to fund commercial solar in Victoria.</a> appeared first on <a href="https://northmoregordon.com">Northmore Gordon</a>. ]]></description> <content:encoded><![CDATA[ Activity 47, a new method in the Victorian Energy Upgrades (VEU) program, lets Victorian businesses bring future energy savings forward as an upfront discount on commercial solar.  <div style="height:21px" aria-hidden="true" class="wp-block-spacer"></div> What Activity 47 covers  Activity 47 applies to grid-connected commercial and industrial solar PV systems between 30 kW and 200 kW. That sizing suits factories, warehouses, offices, schools, healthcare facilities, and large retail or multi-use sites.  Eligible systems generate Victorian Energy Efficiency Certificates (VEECs) under Activity 47A and 47B. Systems under 100 kW may also qualify for Small-scale Technology Certificates (STCs), stacking two incentives against the same installation.  <div style="height:21px" aria-hidden="true" class="wp-block-spacer"></div> What if my system is bigger than 200 kW?  Activity 47 caps at 200 kW, but larger systems can still claim VEU incentives through other pathways:  <ul class="wp-block-list"> <li>200–400 kW: Streamlined Measurement and Verification (SMM4) — lighter evidence requirements, faster certificate processing. </li> <li>400 kW–10 MW+: Advanced Measurement and Verification (project-based assessment) — suited to large, complex installations. </li> </ul> <div style="height:21px" aria-hidden="true" class="wp-block-spacer"></div> Why act now  The financial case is straightforward: VEU incentives reduce the upfront cost of the installation, which improves project economics and shortens payback. Acting earlier in the program cycle also means securing certificate value before market dynamics shift and locking in installer availability before demand tightens.  <div style="height:21px" aria-hidden="true" class="wp-block-spacer"></div> Next step  Northmore Gordon helps Victorian businesses assess Activity 47 eligibility, model the incentive value against a specific site, and structure the certificate transaction. If you operate a site that could fit a 30–200 kW system, or a larger one, get in touch to scope the opportunity. Talk to <a href="mailto:s.bansal@northmoregordon.com">Sid Bansal</a> today and discover how your business can benefit from Activity 47. The post <a href="https://northmoregordon.com/articles/activity-47-a-new-way-to-fund-commercial-solar-in-victoria/">Activity 47: A new way to fund commercial solar in Victoria.</a> appeared first on <a href="https://northmoregordon.com">Northmore Gordon</a>. ]]></content:encoded> </item> <item> <title>Australia’s GO Scheme: What You Need to Know as LGCs Begin to Wind Down </title> <link>https://northmoregordon.com/articles/australias-go-scheme/</link> <dc:creator><![CDATA[Sid Bansal]]></dc:creator> <pubDate>Tue, 18 Nov 2025 02:43:58 +0000</pubDate> <category><![CDATA[Articles]]></category> <category><![CDATA[Certificates]]></category> <category><![CDATA[Energy Efficiency]]></category> <category><![CDATA[LGCs]]></category> <category><![CDATA[PGOs]]></category> <category><![CDATA[REGOs]]></category> <category><![CDATA[Renewable Energy]]></category> <guid isPermaLink="false">https://northmoregordon.com/?p=31492</guid> <description><![CDATA[As advisors who help clients navigate Australia’s energy and carbon compliance frameworks, we’ve been watching the rollout of the Australian Government’s Guarantee of Origin (GO) Scheme closely. For many organisations – particularly those engaged in renewable electricity, industrial decarbonisation or exports – the GO Scheme is more than just a regulatory update. It’s a shift in... The post <a href="https://northmoregordon.com/articles/australias-go-scheme/">Australia’s GO Scheme: What You Need to Know as LGCs Begin to Wind Down </a> appeared first on <a href="https://northmoregordon.com">Northmore Gordon</a>. ]]></description> <content:encoded><![CDATA[ As advisors who help clients navigate Australia’s energy and carbon compliance frameworks, we’ve been watching the rollout of the Australian Government’s Guarantee of Origin (GO) Scheme closely. For many organisations – particularly those engaged in renewable electricity, industrial decarbonisation or exports – the GO Scheme is more than just a regulatory update. It’s a shift in how environmental credentials will be tracked and verified.    We’re often asked: What’s replacing LGCs? and Do I need to act now? Here’s what you need to know.    What is the GO Scheme?  The GO Scheme is a new federal certification framework designed to succeed the Large-scale Generation Certificate (LGC) regime. It includes:  <ul class="wp-block-list"> <li>REGO certificates: Renewable Electricity Guarantee of Origin, certifying each megawatt-hour of eligible renewable electricity. </li> </ul> <ul class="wp-block-list"> <li>PGO certificates: Product Guarantee of Origin, certifying low-emissions products like hydrogen, and eventually metals and fuels.   </li> </ul> The scheme, part of the Future Made in Australia plan, was formally launched on 3 November 2025. It aims to provide transparent, government-backed certification that aligns with global expectations.   <div style="height:20px" aria-hidden="true" class="wp-block-spacer"></div> Why It Matters  <ul class="wp-block-list"> <li>LGCs end in 2030: With the LGC scheme closing 31 December 2030, REGO is the likely successor. If LGCs are part of your current compliance or revenue model, it’s time to start planning your transition. </li> </ul> <ul class="wp-block-list"> <li>REGO and LGCs will overlap: From now until 2030, both schemes will operate concurrently. You cannot issue both for the same MWh – you must choose one although your system can be registered for both. </li> </ul> <ul class="wp-block-list"> <li>PGOs create new market opportunities: Especially for hydrogen producers and exporters, PGOs allow you to verify embedded emissions – a growing global requirement. Although these certificates will not be tradable. </li> </ul> This is your chance to do more with less risk, aligning early with the new framework.  <div style="height:20px" aria-hidden="true" class="wp-block-spacer"></div> What’s New About REGO?  <ul class="wp-block-list"> <li>Broader eligibility: REGO includes storage and hybrid systems, expanding participation. </li> </ul> <ul class="wp-block-list"> <li>Greater transparency: Certificates include detailed data – time, source and location – enabling more accurate Scope 2 accounting. </li> </ul> <ul class="wp-block-list"> <li>No dual claiming: LGCs and REGOs cannot be issued for the same MWh. </li> </ul> This enables you to do more with less confusion, with simpler compliance and clearer reporting.  <div style="height:20px" aria-hidden="true" class="wp-block-spacer"></div> What About PGOs?  PGO certification will be valuable if you:  <ul class="wp-block-list"> <li>Export hydrogen or energy-intensive goods </li> </ul> <ul class="wp-block-list"> <li>Need verified low-emissions data for supply chains or reporting </li> </ul> <ul class="wp-block-list"> <li>Want to stay ahead of carbon border adjustments or green procurement policies </li> </ul> By acting early, you can do more with less exposure to shifting international standards.  <div style="height:20px" aria-hidden="true" class="wp-block-spacer"></div> What We’re Helping Clients With  At Northmore Gordon, we’re already supporting:  <ul class="wp-block-list"> <li>REGO registrations: Preparing renewable projects for participation </li> </ul> <ul class="wp-block-list"> <li>Contract strategy: Integrating REGOs into PPAs and disclosures </li> </ul> <ul class="wp-block-list"> <li>PGO readiness: Emissions baselining and documentation for low-emissions products </li> </ul> <ul class="wp-block-list"> <li>Internal training: Helping teams understand GO certificates and use them effectively </li> </ul> This lets our clients do more with less admin and unlock greater strategic value from compliance.  <div style="height:20px" aria-hidden="true" class="wp-block-spacer"></div> What You Should Do Now  <ul class="wp-block-list"> <li>Understand the new framework: The GO Scheme is live. Start aligning internal systems and teams. </li> </ul> <ul class="wp-block-list"> <li>Assess LGC reliance: Begin your transition plan if LGCs play a role in your strategy. </li> </ul> <ul class="wp-block-list"> <li>Engage your supply chain: Ask upstream partners if they’re GO certified. </li> </ul> <ul class="wp-block-list"> <li>Update reporting systems: REGOs and PGOs support ESG and Scope 2/3 reporting – if managed well. </li> </ul> It’s time to do more with less uncertainty, by planning now for what’s coming next.  <div style="height:19px" aria-hidden="true" class="wp-block-spacer"></div> Our Take  The GO Scheme is a credible evolution in Australia’s renewable certification and decarbonisation story. It creates new commercial and compliance advantages for businesses that engage early.  We’re here to help you make the most of it – through tailored advisory, technical support and practical strategy. If you want to do more with less complexity and stay ahead of the curve, let’s talk.  <div style="height:20px" aria-hidden="true" class="wp-block-spacer"></div> For more information call or email <a href="mailto:s.bansal@northmoregordon.com">s.bansal@northmoregordon.com</a> The post <a href="https://northmoregordon.com/articles/australias-go-scheme/">Australia’s GO Scheme: What You Need to Know as LGCs Begin to Wind Down </a> appeared first on <a href="https://northmoregordon.com">Northmore Gordon</a>. ]]></content:encoded> </item> <item> <title>Ticking Clock: Prepare Now for Australia’s Mandatory Climate Reporting by 2025</title> <link>https://northmoregordon.com/news/ticking-clock-prepare-now-for-australias-mandatory-climate-reporting-by-2025/</link> <dc:creator><![CDATA[Sid Bansal]]></dc:creator> <pubDate>Tue, 27 Aug 2024 01:18:57 +0000</pubDate> <category><![CDATA[News]]></category> <guid isPermaLink="false">https://northmoregordon.com/?p=30161</guid> <description><![CDATA[Starting in January 2025 the Australian Government’s new mandatory climate-related financial disclosures will take effect. This marks a significant step toward mitigating climate risk and opens up new opportunities in decarbonizing markets. Organisations need to understand these new disclosure requirements and start preparing now, they should look beyond reporting and integrate projects, that will reduce... The post <a href="https://northmoregordon.com/news/ticking-clock-prepare-now-for-australias-mandatory-climate-reporting-by-2025/">Ticking Clock: Prepare Now for Australia’s Mandatory Climate Reporting by 2025</a> appeared first on <a href="https://northmoregordon.com">Northmore Gordon</a>. ]]></description> <content:encoded><![CDATA[ Starting in January 2025 the Australian Government’s new mandatory climate-related financial disclosures will take effect. This marks a significant step toward mitigating climate risk and opens up new opportunities in decarbonizing markets. Organisations need to understand these new disclosure requirements and start preparing now, they should look beyond reporting and integrate projects, that will reduce emissions and provide a payback through environmental certificates and grants.  <h3 class="wp-block-heading">Key Updates: </h3> Global Context: At COP28 (Nov-Dec 2023), the International Sustainability Standards Board (ISSB) took over climate-related financial reporting responsibilities from the Task Force on Climate-related Financial Disclosures (TCFD), now disbanded. This shift signifies a major uplift in climate-related practices globally, with Australia introducing its own MCR system, which includes over 100 disclosures—far more than TCFD’s 11.  Rollout: Starting with Group 1 in FY 2025/26, Australia’s mandatory climate reporting will be phased in, covering companies with over 500 employees, followed by Group 2 in FY 2026/27 for companies with more than 250 employees, and finally, Group 3 in FY 2027/28 for those with over 100 employees. This rollout will apply to organizations based on their gross assets, revenue, and employee count, ensuring comprehensive climate-related financial disclosures. <figure class="wp-block-image size-full"><img fetchpriority="high" decoding="async" width="1024" height="768" src="https://northmoregordon.com/wp-content/uploads/2024/08/image.png" alt="" class="wp-image-30162" srcset="https://northmoregordon.com/wp-content/uploads/2024/08/image.png 1024w, https://northmoregordon.com/wp-content/uploads/2024/08/image-300x225.png 300w, https://northmoregordon.com/wp-content/uploads/2024/08/image-768x576.png 768w" sizes="(max-width: 1024px) 100vw, 1024px" /></figure> Applicability: MCR laws will apply to most public companies and may extend to larger NFPs, private entities, and government bodies.  Liability: Treasury will limit Directors’ liability during the first three years of implementation for Scope 3 emissions and certain climate-related forward-looking statements.    Why is MCR introduced?  A robust, internationally consistent, and credible climate disclosure framework will enhance Australia’s reputation as an appealing destination for global capital, attracting the necessary investments for the transition to net zero.    What is to be reported?    Climate-related financial disclosures will encompass details on an entity’s climate-related risks and opportunities, as mandated by Australian climate disclosure standards, including:  <ul class="wp-block-list"> <li>From the first reporting year, entities must provide information on governance, strategy, risk management, metrics, and targets, including Scope 1 and Scope 2 greenhouse gas emissions. </li> </ul> <ul class="wp-block-list"> <li>From the second reporting year, entities will be required to disclose Scope 3 emissions, which include emissions occurring throughout their supply chain and those associated with their financing or investment activities. Scope 3 disclosures will be based on information available at the reporting date without incurring excessive costs or effort. </li> </ul> <figure class="wp-block-image size-full"><img decoding="async" width="702" height="770" src="https://northmoregordon.com/wp-content/uploads/2024/08/image-1.png" alt="" class="wp-image-30163" srcset="https://northmoregordon.com/wp-content/uploads/2024/08/image-1.png 702w, https://northmoregordon.com/wp-content/uploads/2024/08/image-1-274x300.png 274w" sizes="(max-width: 702px) 100vw, 702px" /></figure> Where/How should I report Climate-related financial disclosures?   Climate-related financial disclosures will be included within your sustainability report, serving as the fourth required document under annual financial reporting obligations and incorporated into an entity’s annual report. To assist users in easily locating climate disclosures, entities should provide an index table within their annual reports. The submission timeline for annual reports, including those filed with the Australian Securities and Investment Commission (ASIC), will remain consistent with the existing requirements specified in section 319 of the Corporations Act. These news laws place increased workload on finance and accounting teams, but critical to ensuring these compliance requirements become a benefit (not a cost) is examining capital projects through the lens of energy efficiency, emissions reduction, and the role environmental attribute certificates play.  Assessing and undertaking electrification projects, equipment upgrades, and improving production efficiency requires detailed technical understanding.  The right projects have a return on investment and pay you to reduce emissions.  Northmore Gordon, do more with less energy, and less carbon. Steps you can start doing now  <ol start="1" class="wp-block-list"> <li>Executive workshop and preparedness  </li> </ol> <ol start="2" class="wp-block-list"> <li>Baseline your carbon footprint (Scope 1, 2 and 3) </li> </ol> <ol start="3" class="wp-block-list"> <li>Energy Audits to understand opportunities </li> </ol> <ol start="4" class="wp-block-list"> <li>Net Zero Roadmap including the technical solutions for real action  </li> </ol> <ol start="5" class="wp-block-list"> <li>Environmental Certificates for renewable energy or project payback </li> </ol> Prepare now to stay ahead. Explore our Mandatory Climate Reporting Services and ensure your organization is ready for these crucial changes.  For more information, check out the Australian Sustainability Reporting Standards and Treasury’s Mandatory Climate-related Financial Disclosures.  The post <a href="https://northmoregordon.com/news/ticking-clock-prepare-now-for-australias-mandatory-climate-reporting-by-2025/">Ticking Clock: Prepare Now for Australia’s Mandatory Climate Reporting by 2025</a> appeared first on <a href="https://northmoregordon.com">Northmore Gordon</a>. ]]></content:encoded> </item> <item> <title>Key Considerations for Companies When Purchasing Carbon Offsets</title> <link>https://northmoregordon.com/articles/key-considerations-for-companies-when-purchasing-carbon-offsets/</link> <dc:creator><![CDATA[Sid Bansal]]></dc:creator> <pubDate>Mon, 25 Mar 2024 23:14:40 +0000</pubDate> <category><![CDATA[Articles]]></category> <category><![CDATA[Carbon Offsets]]></category> <category><![CDATA[Carbon Strategy]]></category> <category><![CDATA[Net Zero]]></category> <category><![CDATA[RECs]]></category> <guid isPermaLink="false">https://northmoregordon.com/?p=29164</guid> <description><![CDATA[As businesses worldwide increasingly recognize the importance of sustainability, the demand for carbon offsets has surged. Carbon offsets allow companies to compensate for their greenhouse gas emissions by investing in projects that either reduce or remove an equivalent amount of carbon dioxide from the atmosphere. However, with the growing market for carbon offsets, it becomes... The post <a href="https://northmoregordon.com/articles/key-considerations-for-companies-when-purchasing-carbon-offsets/">Key Considerations for Companies When Purchasing Carbon Offsets</a> appeared first on <a href="https://northmoregordon.com">Northmore Gordon</a>. ]]></description> <content:encoded><![CDATA[ As businesses worldwide increasingly recognize the importance of sustainability, the demand for carbon offsets has surged. Carbon offsets allow companies to compensate for their greenhouse gas emissions by investing in projects that either reduce or remove an equivalent amount of carbon dioxide from the atmosphere. However, with the growing market for carbon offsets, it becomes crucial for companies to navigate the landscape carefully. In this article, we will explore the essential criteria that businesses should consider when buying carbon offsets to ensure they make informed and responsible choices. <h2 class="wp-block-heading" id="h-carbon-offset-criteria">Carbon Offset Criteria:</h2> <ol class="wp-block-list"> <li>Methodology Companies must scrutinize the methods employed in carbon offset projects. Whether it’s reforestation/Afforestation, Carbon removal, or methane capture, understanding the methodology is vital in determining the actual impact of the offset. Aligning your organization’s goal and scopes with high quality carbon offsets is critical. For instance, projects utilizing carbon capture and storage (CCS) technologies directly capture emissions from industrial processes and power plants, preventing them from entering the atmosphere. On the other hand, nature-based solutions such as afforestation and reforestation leverage the natural ability of ecosystems to sequester carbon. Understanding these methods helps companies gauge the actual impact of the offset and its contribution to emission reduction.</li> <li>Technology vs Nature-Based Solutions (NBS) Evaluate the balance between technological solutions and nature-based solutions. Tech-based projects may include carbon capture technologies (avoided emissions), while nature-based projects involve activities like afforestation and reforestation (sequestration / removal). A strategic mix can provide a more comprehensive approach to carbon mitigation. Striking a balance between these two approaches ensures a comprehensive and sustainable carbon offset strategy.</li> <li>Vintage The vintage of carbon offsets refers to the year in which the emission reductions occurred. Companies should consider the vintage to ensure that the offsets align with their current emission levels and goals. This consideration prevents the purchase of outdated offsets that may not contribute effectively to a company’s current sustainability targets. Other target frameworks allow for some flexibility with vintage and act as a good yardstick for procurement.</li> <li>Countries/Location/Market Boundary Geographical considerations play a significant role in the effectiveness of carbon offset projects. Companies should assess whether the projects are in regions where emissions reductions are critical and whether they align with global climate goals. To avoid greenwashing, considering market boundaries ensures that the offsets adhere to international standards and contribute meaningfully to the global effort to combat climate change.</li> <li>Price Range While cost is a factor, it should not be the sole consideration. Assess the price range of carbon offsets to ensure it aligns with your budget, but also consider the impact and quality of the projects associated with the offsets. the price of carbon offsets varies based on project type, location, and vintage. Cheaper offsets may not always guarantee the same level of emission reduction or removal. Companies should evaluate the cost-effectiveness of offsets by considering the quality and impact of the underlying projects. Some frameworks require third-party audit for verification of the projects.</li> <li>Registry Preference Choosing carbon offsets registered with recognized carbon registries is crucial for transparency and credibility. Well-established registries, such as the Verified Carbon Standard (VCS) or the Gold Standard, ensure that emission reductions are accurately measured, reported, and verified. Companies should prioritize offsets that adhere to these standards to build trust in the offset’s environmental integrity. CORCs (Carbon Removal Credits) by Puro Earth registry is another wonderful example of high-quality credits.</li> <li>Quantity Accurately assessing the quantity of carbon offsets required involves a detailed understanding of a company’s current emission levels (Scope 1 ,2 and 3 measurement) and reduction goals. This may require collaboration with experts in emissions accounting and carbon offsetting to calculate the precise number of offsets needed to achieve carbon neutrality.</li> <li>Diversity of Projects Building a diverse portfolio of carbon offset projects minimizes risks associated with a single project type. Including Afforestation/reforestation, Human induced regeneration (HIR) and methane capture projects, among others, ensures resilience against potential fluctuations in the efficacy or viability of any one project. This diversification enhances the overall impact of a company’s carbon offset strategy.</li> <li>Alignment with Standards (CCP/Oxford/CORSIA) Ensure that the chosen carbon offset projects align with reputable standards such as the Carbon Clean Solutions (CCP), Oxford Standard, or CORSIA (Carbon Offsetting and Reduction Scheme for International Aviation). Compliance with these standards enhances the credibility and environmental integrity of the offset.</li> </ol> Purchasing carbon offsets is a strategic step toward mitigating the environmental impact of business operations. By delving into the technical intricacies of each criterion, companies can make informed and strategic decisions when purchasing carbon offsets. Technical expertise and a comprehensive understanding of these considerations will empower businesses to select offsets that not only align with their sustainability goals but also contribute meaningfully to the global fight against climate change. Northmore Gordon has experience establishing a carbon offset criteria suitable for your business, Procurement of high-quality carbon credits and third-party verification. The post <a href="https://northmoregordon.com/articles/key-considerations-for-companies-when-purchasing-carbon-offsets/">Key Considerations for Companies When Purchasing Carbon Offsets</a> appeared first on <a href="https://northmoregordon.com">Northmore Gordon</a>. ]]></content:encoded> </item> <item> <title>Key Purchasing Considerations for Renewable Energy anywhere in the world using RECs</title> <link>https://northmoregordon.com/articles/key-purchasing-considerations-for-renewable-energy-anywhere-in-the-world-using-recs/</link> <dc:creator><![CDATA[Sid Bansal]]></dc:creator> <pubDate>Fri, 22 Mar 2024 03:20:47 +0000</pubDate> <category><![CDATA[Articles]]></category> <category><![CDATA[Carbon Offsets]]></category> <category><![CDATA[Carbon Strategy]]></category> <category><![CDATA[Net Zero]]></category> <category><![CDATA[RECs]]></category> <guid isPermaLink="false">https://northmoregordon.com/?p=29173</guid> <description><![CDATA[As the world transitions towards a sustainable and greener future, companies are increasingly turning to renewable energy sources to power their operations. One of the simplest avenues for achieving this commitment is through Renewable Energy Certificates (RECs). These certificates represent the environmental attributes of renewable energy generation and provide companies with a means to support... The post <a href="https://northmoregordon.com/articles/key-purchasing-considerations-for-renewable-energy-anywhere-in-the-world-using-recs/">Key Purchasing Considerations for Renewable Energy anywhere in the world using RECs</a> appeared first on <a href="https://northmoregordon.com">Northmore Gordon</a>. ]]></description> <content:encoded><![CDATA[ As the world transitions towards a sustainable and greener future, companies are increasingly turning to renewable energy sources to power their operations. One of the simplest avenues for achieving this commitment is through Renewable Energy Certificates (RECs). These certificates represent the environmental attributes of renewable energy generation and provide companies with a means to support clean energy initiatives. To achieve best practices, align the investment with sustainability goals and remove the risk of any claims of greenwashing, companies need to consider a number of criteria when purchasing. These criteria include the technology generating the energy, the period (vintage) when it was generated, quantity required, location of generation, alignment with global programs or best practices, and risks associated with the registry (the authority issuing the certificates) or issuing country. The latest advance in RECs now includes timestamping the generation period to match load profiles. RECs globally go by several different names: <ul class="wp-block-list"> <li>International RECs (IRECs)</li> <li>New Zealand (NZECs – Energy Certificates)</li> <li>Australia (LGCs – Large Generations Certificates, and in future Guarantee of Origin – GO)</li> <li>Tradable Instrument for Global Renewables (TIGR) a Registry for RECs</li> </ul> <figure class="wp-block-image size-full is-resized"><img decoding="async" width="1000" height="563" src="https://northmoregordon.com/wp-content/uploads/2023/08/shutterstock_2050591565.jpg" alt="Harnessing Carbon Offsets and Renewable Energy Certificates (RECs) for Authentic Decarbonisation - Northmore Gordon" class="wp-image-27759" style="width:751px;height:auto" srcset="https://northmoregordon.com/wp-content/uploads/2023/08/shutterstock_2050591565.jpg 1000w, https://northmoregordon.com/wp-content/uploads/2023/08/shutterstock_2050591565-300x169.jpg 300w, https://northmoregordon.com/wp-content/uploads/2023/08/shutterstock_2050591565-768x432.jpg 768w" sizes="(max-width: 1000px) 100vw, 1000px" /></figure> <h2 class="wp-block-heading" id="h-recs-criteria">RECs Criteria:</h2> <ol class="wp-block-list"> <li>Technology The technology employed in renewable energy projects significantly impacts the overall environmental benefits. Whether it’s solar, wind, hydro, or other clean energy sources, understanding the technology behind the generation process helps companies assess the long-term sustainability and effectiveness of the RECs they are purchasing. For example, Under RE100 Hydrogen is not recognized because hydrogen is not an energy resource. Rather, it is an energy carrier that is manufactured and has an underlying energy resource as an input. Hydrogen is therefore only renewable if the energy resource used in its manufacture is renewable, Hence it is critical to be aware of the technical criteria of the framework your business is committed to or adhering to GHG Protocol Corporate Standard is considered an excellent benchmark. </li> <li>Vintage The vintage of RECs is a crucial factor, indicating the year in which the associated renewable energy was generated. Companies should consider aligning the vintage of RECs with their reporting year to ensure accurate representation of their commitment to renewable energy in specific timeframes. For instance, recent years have seen significant improvements in the efficiency of solar panels and wind turbines, leading to increased energy output. As technology advances, procuring recent vintages helps businesses make sure their procurement adheres to the latest regulatory changes and demonstrates commitment. For example, RE100 now only recognizes Starting January 1, 2024, RE100 members will need to secure renewable electricity or GOs specifically from power plants constructed or recommissioned within the last 15 years. However, there’s a provision: <a href="https://www.there100.org/sites/re100/files/2022-12/Dec%2012%20-%20RE100%20technical%20criteria%20%2B%20appendices.pdf">an exemption applies to 15% of a company’s overall electricity usage</a>. </li> <li>Quantity Assessing the quantity of RECs needed involves understanding a company’s energy consumption and sustainability goals. <a href="https://northmoregordon.com/articles/what-are-scope-1-2-3-emissions/">Careful calculations of your scopes</a> will help determine the number of RECs required to offset a specific percentage of the company’s energy usage or achieve a certain level of renewable energy consumption. Tailoring to energy consumption patterns helps businesses match the right type of RECs. For example, a manufacturing facility with intensive production processes may have distinct energy needs compared to a technology company with extensive data centre operations running 24/7. In this case, the data centre may benefit from procuring new time-stamped RECs or ‘24/7 RECs’ as defined by RE100 Guidelines to match their constant usage. </li> <li>Location The geographical location of renewable energy projects is significant in determining the impact of RECs. Supporting projects in regions with abundant renewable resources not only enhances the environmental impact but may also contribute to local economic development. Companies should consider aligning their RECs with regions that complement their sustainability objectives. Market boundaries are often defined by the framework you are adhering to or as a rule of thumb it is an advisable practice to procure RECs within the country where the emissions took place. </li> <li>RE100 Alignment For companies committed to 100% renewable energy consumption (RE100), ensuring that purchased RECs align with this goal is paramount. RE100-aligned RECs contribute directly to a company’s renewable energy targets, demonstrating a clear commitment to transitioning away from conventional energy sources. Here RE100 Members have another option to procure green power directly from the supplier supported by retirement of EACs corresponding to it. </li> <li>Registry Preference Selecting RECs from reputable registries adds credibility to a company’s commitment to renewable energy. Registries like the Green-e Energy Certification or the International REC Standard ensure that the purchased RECs meet stringent environmental and social standards, providing transparency and accountability in the renewable energy market. Some examples of registries are Evident(I-RECs) , TIGR , Certified energy New Zealand , Clean energy regulator , M-RETS etc. </li> <li>Sovereign Risk Companies operating internationally should consider the sovereign risk associated with the countries where their chosen renewable energy projects are located. Assessing political stability, regulatory frameworks, and potential risks related to changes in government policies can mitigate potential challenges and uncertainties in the long-term viability of RECs. For example, Under recent changes in RE100 guidelines 8 countries have been excluded from the single-market boundary of Europe supporting the Guarantee of Origins RECs. </li> <li>Major Operational Changes in the Past Year Companies should investigate whether there have been any significant operational changes in the renewable energy projects associated with the RECs over the past year. Changes in ownership, technology upgrades, or expansions can impact the overall effectiveness and reliability of the certificates. For example, Unbundled EACs cannot be used to decarbonize electricity from a non-renewable project. (e.g., a CHP system) under RE100 Framework when the project is owned by the company (therefore, the emissions from it are in scope 1), or when the project is on-site or when there is a direct line to the project (therefore, the electricity is not sourced from the grid).</li> </ol> As companies strive to integrate sustainability into their operations, the careful selection of Renewable Energy Certificates becomes imperative. This strategic approach not only enhances a company’s environmental credentials but also supports the global transition to a cleaner and more sustainable energy future. Although PPAs (Power Purchase Agreements) and VPPAs are feasible alternatives, most organizations prefer EACs due to their inherent flexibility and accessibility when navigating the intricate world of renewable energy procurement. The post <a href="https://northmoregordon.com/articles/key-purchasing-considerations-for-renewable-energy-anywhere-in-the-world-using-recs/">Key Purchasing Considerations for Renewable Energy anywhere in the world using RECs</a> appeared first on <a href="https://northmoregordon.com">Northmore Gordon</a>. ]]></content:encoded> </item> </channel> </rss>