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The Greenhouse Gas Reduction Scheme (GGAS) seeks to maintain broad consistency with existing and developing international frameworks such as the European Union Emissions Trading Scheme and the UN’s Kyoto Protocol. Through various working groups and international conferences, the Scheme Administrator communicates with a number of governments, associations, and multinational organisations.
The lessons learned during the implementation of GGAS are being used by other policy implementers and scheme regulators to accelerate their development of robust and efficient frameworks to achieve the objectives of emissions trading and project-based mechanisms – emissions reductions at least cost.
This communication with international players is also helping the Scheme Administrator (and the NSW Department of Water and Energy) to achieve two of its core objectives: to ensure that GGAS retains a high degree of consistency with the technical approaches used internationally to quantify emissions reductions and remove enhancements; and to learn from the frameworks and structures that are being used elsewhere so that we can continue to improve the efficiency and productivity of our own administrative operations. |