Emissions Reduction Fund: Energy Efficiency and Offsetting Opportunities
Technical solutions exist for reducing energy use and managing waste in the Australia red meat processing industry. The challenge is to select optimised solutions that meet the required economic drivers. The proposed Emissions reduction Fund (ERF) provides an additional revenue stream for "new" energy efficiency and greenhouse gas (GHG) emissions offset projects.
This project has analysed a number of efficiency and emissions offset projects and provides the results in the form of a Marginal Abatement Cost Curve (MACC) which prevents the $ (as a cost or saving) per tonne of carbon dioxide equivalent (t CO2-e) abated an an Energy Cost Curve (ECC) which presents the $ revenue/savings per kWh generated for power projects and $ revenue/savings per GJ heat generated for process heating projects. A 10 year life cycle approach has been taken where capital costs, operating and maintenance costs, and revenue/savings for power, heat, waste management and the ERF (where indicated) have been estimated.