The New South Wales Greenhouse Gas Abatement Scheme (also known as GGAS) was a mandatory
greenhouse gas emissions trading
Emissions trading is a market-based approach to controlling pollution by providing economic incentives for reducing the emissions of pollutants. The concept is also known as cap and trade (CAT) or emissions trading scheme (ETS). Carbon emission ...
scheme that aimed to lower greenhouse gas emissions in
New South Wales
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, nickname =
, image_map = New South Wales in Australia.svg
, map_caption = Location of New South Wales in AustraliaCoordinates:
, subdivision_type = Country
, subdivision_name = Australia
, established_title = Before federation
, es ...
,
Australia, to 7.27
tonne
The tonne ( or ; symbol: t) is a unit of mass equal to 1000 kilograms. It is a non-SI unit accepted for use with SI. It is also referred to as a metric ton to distinguish it from the non-metric units of the short ton ( United State ...
s of
carbon dioxide
Carbon dioxide ( chemical formula ) is a chemical compound made up of molecules that each have one carbon atom covalently double bonded to two oxygen atoms. It is found in the gas state at room temperature. In the air, carbon dioxide is trans ...
per capita
''Per capita'' is a Latin phrase literally meaning "by heads" or "for each head", and idiomatically used to mean "per person". The term is used in a wide variety of social sciences and statistical research contexts, including government statistic ...
by the year 2007, which commenced on 1 January 2003.
The Scheme imposed obligations on NSW electricity retailers and certain other parties, including large electricity users who elected to manage their own benchmark to abate a portion of the greenhouse gas emissions attributable to their sales/consumption of electricity in NSW. They did this by purchasing and acquitting NSW Greenhouse Abatement Certificates (also known as NGACs), a type of carbon credit, created by accredited "Abatement Certificate Providers" (ACPs).
[NSW Greenhouse Gas Reduction Scheme]
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The NSW Minister for Energy, Chris Hartcher, announced closure of the scheme in April 2012, effective from 30 June 2012.[
]
See also
* Jack's Gully
* WSN Environmental Solutions
* CO2 Australia Limited
References
External links
Fact Sheet on Greenhouse and Energy
The NSW Greenhouse Gas Office
NGAC Creation
Certificate Providers
NGAC FAQ
archived webpage
Climate change in Australia
Government of New South Wales
2003 establishments in Australia
2003 in the environment
Economic history of New South Wales
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