Simon Corbell is very pleased to tell us what the Greenhouse Gas Scheme has been up to:
Mr Corbell tabled the ACT Greenhouse Gas Abatement Scheme 2011 compliance report in the ACT Legislative Assembly which shows more than 588,889 tonnes of greenhouse has were offset last year and all participants met their obligations under the scheme.
“While it has now been replaced with a national carbon price, this has been one of the most effective schemes in tackling emissions from electricity use, and was one of the world’s first mandatory greenhouse gas emissions trading schemes,” Mr Corbell said.
“Under the scheme, electricity retailers in the ACT were required to reduce or offset greenhouse gas emissions they produce and source an increasing part of their product from clean and sustainable sources.
“This encouraged electricity providers to undertake a range of initiatives including energy efficiency measures, tree planting, capturing landfill gas, and methane burning to meet annual targets set out by the independent scheme regulator.”
In 2011, there were 19 entities licensed to sell electricity in the ACT and the report acknowledged that all participants met their targets.