Submissions for the Federal Government's Green
Paper on its proposed emissions trading scheme must be in by 10
Do you want to create offsets? Will you be able to sell
them into the Scheme?
The Green Paper outlines how the market will work in
relation to creating offsets and in trading them under the
Carbon Pollution Reduction Scheme (Scheme).
The role of offsets is extremely limited so if you want to
expand their role, it is vital that you make your point
How will the Scheme interact with other greenhouse gas
In addition to the proposed obligations under the Scheme,
organisations emitting large quantities of greenhouse gases
will also be required to adhere to the National Greenhouse
and Energy Reporting Act2007 (Cth) (NGER
Act) which commenced in September 2007.
The NGER Act aims to provide a single, national framework
for the reporting and dissemination of information on
greenhouse gas emissions, energy consumption and energy
production of corporations. The Act came into effect on 1 July
In addition to the NGER Act, state-level schemes are also in
place that set renewable energy targets and energy efficiency
standards. How the federal Scheme will interact with these
state-level schemes and the reporting obligations under the
NGER Act remain unclear.
What does this mean for my involvement in the Scheme?
When writing a submission you should consider whether you
are required to meet reporting obligations under the NGER Act
and the various schemes, and the degree of overlap and
DLA Phillips Fox can help you to clarify your current
obligations and those proposed under the Scheme.
Phillips Fox has changed its name to DLA Phillips Fox
because the firm entered into an exclusive alliance with DLA
Piper, one of the largest legal services organisations in the
world. We will retain our offices in every major commercial
centre in Australia and New Zealand, with no operational change
to your relationship with the firm. DLA Phillips Fox can now
take your business one step further − by connecting
you to a global network of legal experience, talent and
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reference and should not be relied on as a substitute for
professional advice. Specialist legal advice should always be
sought in relation to any particular circumstances and no
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relying solely on this publication.
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