Department of Climate Change, Energy, the Environment and Water
Documents Regarding The IASR Policy Inclusion Summary.
Summary
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This document outlines the Commonwealth policy inclusion methodology for the 2023 Integrated System Plan Review (IASR) and power system modelling. It details how various federal emissions reduction and renewable energy policies are incorporated into the National Electricity Market (NEM) carbon budgets and electricity sector projections. Key policies modelled include the 43% emissions reduction target by 2030 and net zero by 2050 (translated into NEM-specific carbon budgets ranging from 630 Mt CO2-e for 2024-25 to 2029-30 across scenarios, to 357-1,203 Mt CO2-e for 2024-25 to 2051-52), the 82% renewable energy target by 2030, Rewiring the Nation funding, and existing schemes like the Large-scale Renewable Energy Target and Small-scale Renewable Energy Scheme. The document establishes criteria for policy
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