Meet the Co-chairs - TAGLAW
Kvale Advokatfirma DA
Meet the Co-chairs - TIAG
Author: Johanna Kennerley, Senior Associate
Mine rehabilitation and financial assurance (FA) is a hot topic at the moment, with many discussion papers and inquiries being undertaken by various levels and departments within government, including:
This paper aims to provide detailed analysis regarding the proposed changes to Queensland's FA regime, with specific consideration of the operation of the new pooled rehabilitation funds and the expansion of products available to provide third party surety for FA obligations.
Through amendments introduced since last year to the Electricity Market License Regulation (“Licensed Generation Regulation”) and the Regulation on Unlicensed Electricity Generation on Electricity Market (“Unlicensed Generation Regulation”) followed by the new Regulation on Renewable Energy Resource Areas (“Renewables Zone Regulation”) a new legal road map on licensed and unlicensed energy investments is in the making. In this article, amendments to the legislation concerning energy investments and significant amendments are addressed.
Authors: Bronwyn Clarkson & Kelly Pain
After a 10 year application process and the longest case in Land Court history, the court this week recommended that the applications for permits associated with the $900 million New Acland Stage 3 expansion be refused.
The decision turned primarily on the potential impacts of the project on groundwater resources, with Member Smith stating clearly:
'Groundwater considerations are such that the revised Stage 3 project should not proceed given the risks to the surrounding landholders and the poor state of the current model.'
Groundwater considerations have certainly been front of mind for proponents, given the recent legislative changes in this space (for further detail, please see previous Carter Newell Energy & Resources newsletters, including ‘Water reforms now in full swing – are you compliant?’). This decision draws these issues into clearer focus for those directly affected and particularly those facing impending approval processes where groundwater impacts are to be addressed.
Author: James Plumb, May 2017
Part 2: Better mine rehabilitation for Queensland
As discussed in part one of this newsletter series, the Queensland Treasury Commission (QTC) undertook a ‘Review of Queensland’s Financial Assurance Framework’ (FA Review). In response to the FA Review, the Department of the Premier and Cabinet has released two discussion papers: ‘Financial Assurances Framework Reform’ and ‘Better Mine Rehabilitation for Queensland’ (Rehabilitation Discussion Paper).
The discussion papers form part of the Financial Assurance Framework Reform Package being considered by government.
In part one of this series, we reviewed the proposed financial assurance package of reforms. In this part two, we review the proposed mine rehabilitation requirements.
As the new European supermarket for wholesale electricity is upon us, we examine how the Irish government proposes to accommodate renewable energy.
Less than a year from today, Ireland will implement the Integrated Single Electricity Market (I-SEM), replacing the existing SEM which we have had since 2007. At present, the target date for go live implementation is 23 May 2018. For those of you within the industry who have been living under a rock for the past six years, this is a new Europe-wide trading platform for energy. The platform has been conceived against a background of intra-Europe cross-border trade that has personified the European Union's principles of free trade and integration.
The aim is to encourage more efficient electricity flows across Europe with the introduction of short term day ahead and intra-day trading.