Title: Australia Renewable Energy (Electricity) Act 2000
Language: English
Type: Document
Nature: Laws and Regulations
Published: January 1, 2025
Region: East Asia and Pacific (EAP)
Country: Australia
Sector: Energy and Power
Topic: Climate-Smart
Keywords: PPPs by Sector *, Energy and Power PPPs **, Australia, Climate Smart, Renewable Energy
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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