The Minister for Climate Change and Energy Efficiency Greg Combet has today announced the Clean Energy Regulator will begin operation from 2 April 2012.
The Clean Energy Regulator will be a statutory authority responsible for administering the carbon pricing mechanism, the National Greenhouse and Energy Reporting Scheme, the Renewable Energy Target and the Carbon Farming Initiative.
The responsibilities of the Clean Energy Regulator include:
- providing education on the carbon pricing mechanism and how it works
- assessing emissions data to determine each emitting entity’s liability
- operating an emissions registry
- monitoring, facilitating and enforcing compliance with the carbon pricing mechanism
- allocating units, including freely allocated units, fixed price units and auctioned units
- administering the National Greenhouse and Energy Reporting Scheme (NGERS), the Renewable Energy Target (RET) and the Carbon Farming Initiative (CFI)
- accrediting auditors for the CFI and NGERS, and
- working with other national law enforcement and regulatory bodies, including the Australian Securities and Investments Commission, the Australian Competition and Consumer Commission, the Australian Transaction Reports and Analysis Centre, the Federal Police and the Director of Public Prosecutions.
Further information can be found on the Clean energy legislation: implementation page.