What is a nger?
The National Greenhouse and Energy Reporting (NGER) scheme, established by the National Greenhouse and Energy Reporting Act 2007 (NGER Act), is a single national framework for reporting and disseminating company information about greenhouse gas emissions, energy production, energy consumption and other information …
What are Organisations required to do under the National greenhouse and energy reporting Act 2007?
Under the National Greenhouse and Energy Reporting Act 2007 (NGER Act), a registered corporation and any other person required to provide information to the Clean Energy Regulator under section 20 of the NGER Act must keep adequate records of the activities of members of the group (in the case of registered …
How does the safeguard mechanism work?
The Safeguard Mechanism requires Australia’s largest greenhouse gas emitters to keep their net emissions below an emissions limit (a baseline). The Safeguard Mechanism builds on the National Greenhouse and Energy Reporting scheme’s reporting and record keeping requirements.
What is the ERF Australia?
The Emissions Reduction Fund (ERF) incentivises Australian businesses to cut the amount of greenhouse gases they create and to undertake activities that store carbon. This can be through projects involving: new technology. upgrading equipment. changing business practices to improve productivity or energy use.
Is the safeguard mechanism mandatory?
The safeguard mechanism is administered through the National Greenhouse and Energy Reporting (NGER) scheme and is designed to minimise additional mandatory reporting requirements.
What is the meaning of safeguard mechanism?
Does Australia have an ETS?
Australia’s ETS is a “cap and trade scheme” which involves the Federal Government setting an annual cap (limit) on emissions that can be released by major polluting business (liable companies).