International Law

National Greenhouse and Energy Reporting System Regulations

From next Tuesday (1 July), businesses emitting large amounts of greenhouse gases will be required to monitor and measure the emissions ahead of reporting them to the Government by 31 October 2009.

The National Greenhouse and Energy Reporting Regulations 2008 have been released.

From 1 July, corporate groups that emit 125 kilotonnes or more of greenhouse gases each year, or produce or consume 500 terajoules or more of energy, will be required to collect data to meet annual reporting requirements. Corporations controlling facilities that emit more than 25 kilotonnes of greenhouse gases, or use or produce 100 terajoules or more of energy, will also need to collect data.

While the National Greenhouse and Energy Reporting Act 2007 comes into effect on 1 July 2008, relevant corporations will have until 31 August 2009 to apply to register under the scheme, and until 31 October 2009 to submit their first annual greenhouse and energy report.

The Department of Climate Change has developed an online calculator to help businesses work out whether the system applies to them.

Full post as published by Australian Regulatory Compliance Review on June 26, 2008 (boomark / email).