Australian, state and territory governments are committed to reducing the costs of regulation and enhancing productivity in areas of shared responsibility. In light of this commitment, governments have agreed that red tape on business, created by multiple greenhouse and energy programs and initiatives, should be minimised.
Reporting is a central component of most greenhouse and energy programs as it allows entities and governments to monitor the achievement of their greenhouse and energy objectives. In response to growing awareness of the potential impacts of greenhouse gas emissions on our climate, governments have increasingly sought to engage industry in initiatives to promote greenhouse gas reductions, low emission technologies, and energy efficiency. Business is also responding to climate change, opting to participate in a variety of voluntary domestic and international greenhouse and energy initiatives.