Greenhouse Gas Abatement Scheme - Smoke Stacks
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Greenhouse Gas Abatement Scheme - Introduction
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GGAS

Greenhouse Gas
Reduction Scheme

(is now closed)

 

 

The Greenhouse Gas
Reduction Scheme

The NSW Greenhouse Gas Reduction Scheme (GGAS) commenced on 1 January 2003. It is one of the first mandatory greenhouse gas emissions trading schemes in the world. GGAS aims to reduce greenhouse gas emissions associated with the production and use of electricity. It achieves this by using project-based activities to offset the production of greenhouse gas emissions.

GGAS establishes annual statewide greenhouse gas reduction targets, and then requires individual electricity retailers and certain other parties who buy or sell electricity in NSW to meet mandatory benchmarks based on the size of their share of the electricity market. If these parties, known as benchmark participants, fail to meet their benchmarks, then a penalty is assigned. Monitoring the performance of benchmark participants is undertaken by the Independent Pricing and Regulatory Tribunal of NSW (IPART) in its role as Compliance Regulator.

Assessing abatement projects, accrediting parties to undertake eligible projects and then create certificates, and monitoring compliance with GGAS is the responsibility of the Scheme Administrator, currently IPART. The Scheme Administrator also manages the Greenhouse Registry which records the registration and transfer of certificates created from abatement projects.

more info

 

Scheme Documents

Latest News

19 October 2012
The NSW Minister for Energy, The Hon Chris Hartcher MP has tabled the Annual Report on Compliance and Operation of the NSW Greenhouse Gas Reduction Scheme during 2011.

21 September 2012
The greenhouse penalty for benchmark participants that fail to reduce emissions has risen to $17.00 per tonne of carbon dioxide equivalent, effective for the 2012 compliance year.

5 September 2012
The latest GGAS & ESS newsletter has been released.

4 June 2012
The latest GGAS & ESS newsletter has been released.

5 April 2012
Today the Minister for Resources & Energy has announced the closure of GGAS on 1 July 2012.

The Scheme Administrator released a Notice.

1 March 2012
The latest GGAS & ESS newsletter has been released.

7 February 2012
GGAS has released a notice - Guidance to ACPs - Audit compliance under GGAS.

5 December 2011
The Tribunal has released a revised Annual Greenhouse Gas Benchmark Statement (v4.1) and Guide to Completing the Annual Greenhouse Gas Benchmark Statement (v2.0).

The latest GGAS & ESS newsletter has been released.

23 November 2011
The NSW Minister for Energy, The Hon Chris Hartcher MP has tabled the Annual Report on Compliance and Operation of the NSW Greenhouse Gas Reduction Scheme during 2010.

24 October 2011
The Tribunal as Compliance Regulator has determined the Scheme Pool Coefficient and Key Factors for the 2012 compliance year.

5 September 2011
The latest GGAS & ESS newsletter has been released.

18 August 2011
The greenhouse penalty for benchmark participants that fail to reduce emissions has risen to $15.50 per tonne of carbon dioxide equivalent, effective for the 2011 compliance year.

1 June 2011
The latest GGAS & ESS newsletter has been released.

29 April 2011
IPART's CEO Jim Cox has given a speech "Progress with GGAS & ESS and implications for electricity pricing".

19 April 2011
Notice 2011/01 has been released.

4 March 2011
The latest GGAS & ESS newsletter has been released.

18 February 2011
Accredited Certificate Providers must take care when registering NGACs as the Scheme Administrator will no longer waive the registration fee where NGACs have been registered incorrectly.

16 December 2010
The Tribunal has released a revised Annual Greenhouse Gas Benchmark Statement (v4.0) and Guide to Completing the Annual Greenhouse Gas Benchmark Statement v2.0). Both these documents are for use by Benchmark Participants for the 2010 Compliance Year, and onwards.


 

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