Mark Dreyfus MP

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Draft regulations for Australian National Registry of Emissions Units released

31 October 2011

The Minister for Climate Change and Energy Efficiency, Greg Combet, and the Parliamentary Secretary for Climate Change and Energy Efficiency, Mark Dreyfus, today released for consultation draft regulations to support the Australian National Registry of Emissions Units (the Registry).

THE HON GREG COMBET AM MP
Minister for Climate Change and Energy Efficiency

THE HON MARK DREYFUS QC MP
Cabinet Secretary
Parliamentary Secretary for Climate Change and Energy Efficiency

JOINT MEDIA RELEASE
DRAFT REGULATIONS FOR AUSTRALIAN NATIONAL REGISTRY OF EMISSIONS UNITS RELEASED

The Minister for Climate Change and Energy Efficiency, Greg Combet, and the Parliamentary Secretary for Climate Change and Energy Efficiency, Mark Dreyfus, today released for consultation draft regulations to support the Australian National Registry of Emissions Units (the Registry).

The Registry will be used to track Australian carbon credit units generated under the Carbon Farming Initiative and Kyoto units issued under the Kyoto Protocol. It will also be the Registry for carbon units issued under the carbon pricing mechanism.

The Registry will play a key role in the operation of the Carbon Farming Initiative and the carbon pricing mechanism, Mr Combet said.

Using the same Registry for different programs will allow people to open a single account and take advantage of diverse opportunities.

Mr Dreyfus confirmed the regulations would enable the effective administration of the Registry, setting out requirements for opening accounts and dealing with Kyoto units.

Comments on the draft regulations will be taken into consideration when finalising the regulations. Public submissions are due by 14 November 2011.

For more information or to access the consultation papers visit: www.climatechange.gov.au/cfi.

Further information on the Governments Clean Energy Future package is available at: www.cleanenergyfuture.gov.au.

MONDAY, 31 OCTOBER 2011