The Australian Government is developing a series of bilateral energy and emissions reduction agreements with state and territory governments that will improve energy reliability and affordability across the country and support the transition of energy markets to lower emissions technologies.
Tasmania energy and emissions reduction agreement
On 15 December 2020, the Australian Government and Tasmanian Government signed a bilateral energy and emissions reduction agreement to deliver secure, reliable and affordable power for Tasmanians. The deal will better connect Tasmania with mainland Australia and the National Electricity Market through the Marinus Link interconnector project and the Battery of the Nation initiative.
Under the agreement, the Commonwealth will contribute a further $93.9 million, while Tasmania will provide $39 million, to progress the Marinus Link project towards a financial investment decision.
NSW energy and emissions reduction agreement
On 31 January 2020, the Hon Scott Morrison MP, Prime Minister, and the Hon Gladys Berejiklian MP, Premier of NSW, signed an agreement, worth more than $2 billion, committing both governments to collaborate on a number of initiatives that will:
- increase gas and electricity supply in NSW by encouraging investment
- improve grid security by supporting transmission interconnection and network access
- support emissions reduction projects that deliver genuine abatement.
Energy and emissions reduction state deal with Tasmania, The Hon Scott Morrison MP, Prime Minister; the Hon Angus Taylor MP, Minister for Energy and Emissions Reduction; the Hon Peter Gutwein MP, Premier of Tasmania; the Hon Guy Barnett MP, Tasmanian Minister for Energy - joint media release, 15 December 2020
Project Marinus ARENA and TasNetworks
NSW energy deal to reduce power prices and emissions The Hon Scott Morrison MP, Prime Minister; the Hon Gladys Berejiklian MP, Premier of NSW - joint media release, 31 January 2020