In its first three months of operation, the Clean Energy Regulator delivered a range of products and services.
The Clean Energy Regulator is required to maintain and publish a list of entities which it believes are likely to be liable under the carbon pricing mechanism. The first list, comprising 293 entities, was published in two phases in May and June 2012. The list will be updated progressively as we receive new information—for example, when businesses change the scope of their activities.
The Clean Energy Act 2011 provides entities with some flexibility in assigning the point of liability under the carbon pricing mechanism. In April 2012 amendments were made to the Clean Energy Regulations 2011 to support the provisions of the Act, covering use of obligation transfer numbers, liability transfer certificates, and allocation of liability in unincorporated joint venture arrangements. We conducted a series of technical workshops to inform clients about the requirements of the Regulations, and published application forms for obligation transfer numbers and liability transfer certificates in May 2012 and for joint ventures in June 2012.
Applications for certificates of eligibility to receive free carbon units under the Energy Security Fund, part of a package of assistance for emissions-intensive coal-fired electricity generators, closed in May 2012. In June 2012, the Clean Energy Regulator granted certificates of eligibility to nine applicants and made their details available on its website.
The application period to receive free carbon units under the Jobs and Competitiveness Program, an assistance program for emissions-intensive trade-exposed industries, will run from 1 July to 31 October 2012. In 2011-12, the Clean Energy Regulator published guidance material and application forms for the program, and set in place the systems to process the applications.
The Renewable Energy Target is composed of two schemes—the Large-scale Renewable Energy Target and the Small-scale Renewable Energy Scheme—that aim to encourage the generation of electricity from renewable sources, reduce emissions in the electricity sector, and ensure that renewable energy sources are ecologically sustainable. Renewable Energy Target services have continued uninterrupted since the Clean Energy Regulator assumed responsibility for the schemes. During the reporting period:
The Carbon Farming Initiative is designed to provide farmers, forest growers and landholders with access to domestic and international carbon markets. As the Carbon Credits Administrator under the Carbon Credits (Carbon Farming Initiative) Act 2011, the Clean Energy Regulator has begun to establish and administer the rules and regulations that will govern carbon credit trading through the initiative. During the reporting period:
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The Clean Energy Regulator is a Government body responsible for accelerating carbon abatement for Australia.
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