Title: Australia Renewable Energy (Electricity) Act 2000

Language: English

Type: Document

Nature: Laws and Regulations

Published: February 28, 2021

Region: East Asia and Pacific

Country: Australia

Sector: Energy and Power

Topic: Climate-Smart

Keywords: Climate Smart, Renewable Energy, Energy and Power Core

Document Link(s):

Document Summary:

The objects of this Act are:

       (a)      to encourage the additional generation of electricity from renewable sources; and

       (b)      to reduce emissions of greenhouse gases in the electricity sector; and

       (c)      to ensure that renewable energy sources are ecologically sustainable.

Document Details:

This is done through the issuing of certificates for the generation of electricity using eligible renewable energy sources and requiring certain purchasers (called liable entities) to surrender a specified number of certificates for the electricity that they acquire during a year.

Where a liable entity does not have enough certificates to surrender, the liable entity will have to pay renewable energy shortfall charge.

A partial exemption relating to one or more emissions‑intensive trade‑exposed activities may be taken into account in working out a liable entity’s renewable energy certificate shortfall for a year. If it is, it will reduce the renewable energy shortfall charge otherwise payable.

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Updated: June 17, 2024