May 2024 NewsFlash - AGA

May 2024 NewsFlash

  • 16-06-2024

  • News

AGA NewsFlash

Australia's 2024-2025 Budget: A Major Boost for Renewable Energy and Hydrogen Initiatives

Connecting Green Hydrogen Conference

New Minimum Standards Proposed for Victorian Rentals

Standards
Update

Australia's 2024-2025 Budget: A Major Boost for Renewable Energy and Hydrogen Initiatives

On the 14th May, Treasurer, Hon Jim Chalmers MP delivered Australia’s budget for 2024-2025 with a clear indication of the direction Australia planned to move in relation with renewable energy. From the budget it was announced that the Albanese Government is expected to provide $22.7 billion toward hydrogen and renewable energy projects rolled-out under the ‘The Future Made in Australia’ package. This package looks at targeting the support for renewable energy production and relief from energy bills due to the cost-of-living.

Of the $22.7 billion, The Future Made in Australia package will include production incentives for the processing and refining of rare Earth minerals, production of renewable hydrogen, promote production of low-carbon fuels and green metal extraction and manufacturing. Just this alone comprises of $15.4 billion which will be used from the budget designed to accelerate Australia’s reliability of renewable energy with support of growth in these new industries.

The Australian Renewable Energy Agency (ARENA) were established by the Australian Government to support and assist Australia’s involvement within the renewable energy space. From the budget, they have received a new 10-year expansion and additional $2 billion in funding for the Hydrogen Headstart program. This program will look at providing financial assistance for hydrogen projects while simultaneously facilitating Australia’s greenhouse gas emission targets.

By accelerating the development of Australia’s hydrogen industry, this opens opportunities for the domestic and international market as well as build on global supply chains. Chris Bowen, Energy and Climate Change Minister revealed $6.7 billion will be invested over the next decade specifically in hydrogen production with aim to purchase hydrogen at $2 per kilogram by 2028. Chris Bowen further added it is a National interest is to utilize Australia’s natural resources to ease the pressure on households and businesses.

The Clean Energy Council has embraced the 2024-2025 budget as the “biggest clean energy Budget in Australia’s history”, which is planned to secure Australia as a global energy superpower. It will open new opportunities by investing in green hydrogen, low-carbon liquid fuels, processing of critical minerals, manufacturing of solar panels and crucially become a strategic asset in the global economy. 

Join us at the forefront of the green revolution!

AGA is a proud association partner of this year’s Connecting Green Hydrogen APAC 2024 Conference.

The conference will take place at the Melbourne Convention and Exhibition Centre on 10 & 11 July 2024. The event is a must attend for those looking to network and invest in the future of green hydrogen.

The conference is poised to be an epicentre of innovation and strategic partnerships and will include:

* Over 3,000 participants expected,

* More than 150 esteemed speakers and over

* 1000 decision-makers.

* 100+ exhibitors and sponsors showcasing cutting-edge technologies and solutions.

We are proud to highlight the participation of our Renewable Energy Technical Advisor, Mr Tom Lord. Tom will be moderating an insightful panel on “System Methodology to Achieve Low Levelized Cost and High efficiency in the Hydrogen Value Chain: Production, Operation, Supply.” This panel will delve into strategic advancements that enhance the sustainability and efficiency of hydrogen production.

Event Details:

* Dates: 9th-11th July 2024

* Location: Melbourne, Australia

* Venue: Melbourne Convention and Exhibition Centre

* For more information and to register: Click Here

* Contact: Marketing@leader-associates.com 

For further details and updates, please visit: Connecting Green Hydrogen APAC 2024.

AGA is pleased to extend exclusive discounts to our members and associates.

Join AGA and the global hydrogen community in Melbourne and contribute to shaping a sustainable future. We look forward to seeing you at what promises to be a groundbreaking event in the green hydrogen industry.

New Minimum Standards Proposed for Victorian Rentals

The Victorian government has proposed new minimum standards for rental properties and rooming houses for energy efficiency and safety. These changes aim to enhance living conditions for tenants and promote environmental sustainability. The government is currently seeking feedback from the public on these proposed standards. Public feedback is essential to shape these regulations with submissions open until July 2024.

Key impacts on gas appliances include:

* Phasing Out Non-Compliant Appliances: Flueless gas space heaters and open-flued gas appliances will face restrictions.

* Installation Requirements: New installations must comply with updated efficiency and safety standards.

* Liability for Non-Compliance: Rental providers will be liable for charges if appliances do not meet efficiency standards.

* Prohibition of Unreasonable Refusals: Rental providers cannot unreasonably refuse tenant requests for energy-efficient modifications unless specific exemptions apply.

In addition to changes related to gas appliances, other proposed amendments include:

* Ceiling Insulation: Rental properties must have ceiling insulation with a minimum R-value of 5.0, installed by a suitably qualified person.

* Draughtproofing: All external doors must be fitted with sealing products, and unreasonable gaps around doors and windows must be sealed.

* Cooling Standards: Energy-efficient cooling systems must be installed in the main living areas by 30 October 2025.

The Victorian government is actively seeking feedback from stakeholders and the general public. Feedback on the proposed standards is encouraged and can be submitted until July 2024. The proposed regulations are expected to be finalised and come into effect in October 2024 following the review of all submissions​​.

For detailed information and to submit feedback, visit https://engage.vic.gov.au/new-minimum-standards-for-rental-properties-and-rooming-houses .

Latest Standards Updates

AS/NZS 5263.1.10:2019 Amd 1:2024 – Gas appliances, Part 1.10: Gas direct fired air heaters was published on the 28 March 2024

AS/NZS 5263.1.11:2020 Amd 1:2024 – Gas appliances, Part 1.11: Small gas engine driven appliances was published on the 22 March 2024

AS/NZS 5263.1.7:2020 Amd 1:2024 – Gas appliances, Part 1.7: Domestic outdoor gas cooking appliances was published on 22 March 2024

AS/NZS 5263.1.4:2017 Amd 1:2024 – Gas Appliances, Part 1.4: Radiant gas heaters was published on 22 March 2024

Please contact your AGA Client Manager if your Certifications are affected.