| Agency overview | |
|---|---|
| Formed | 2 April 2012 |
| Type | Statutory Authority |
| Jurisdiction | Commonwealth of Australia |
| Headquarters | Canberra |
| Annual budget | Clean Energy Regulator Budget information is located here |
| Minister responsible |
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| Agency executive |
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| Parent department | Department of Climate Change, Energy, the Environment and Water |
| Website | www |
The Clean Energy Regulator is an Australian independent statutory authority responsible for implementing legislation to reduce carbon emissions and increase the use of clean energy. It was established on 2 April 2012[1] through the Clean Energy Regulator Act 2011[2] and is part of the Climate Change, Energy, the Environment and Water portfolio. It is headquartered in Canberra.
Its responsibilities include:
- administering schemes aimed at managing, reducing and offsetting Australia’s carbon emissions;
- monitoring, facilitating and enforcing compliance with each scheme;
- collecting, analysing, assessing, providing and publishing information and data;
- accrediting auditors for the schemes it administers; and
- working with other law enforcement and regulatory bodies.
Schemes
The Clean Energy Regulator administers schemes legislated by the Australian Government for measuring, managing, reducing or offsetting Australia's carbon emissions. These are:
- The National Greenhouse and Energy Reporting scheme and the safeguard mechanism (established under the National Greenhouse and Energy Reporting Act 2007);
- The Emissions Reduction Fund (established under the Carbon Credits (Carbon Farming Initiative) Act 2011);
- The Renewable Energy Target (established under the Renewable Energy (Electricity) Act 2000);
- The Australian National Registry of Emissions Units (established under the Australian National Registry of Emissions Units Act 2011).
Reporting
The Clean Energy Regulator’s Quarterly Carbon Market Reports provide a regular view of supply and demand across the carbon markets schemes it administers and explores key factors that influence market performance. The report also provides information on trends and opportunities that may inform market decisions.
The Clean Energy Regulator also administers the Corporate Emissions Reduction Transparency (CERT) report. The CERT report is a voluntary initiative that provides companies with a consistent framework for reporting their emissions reduction and renewable electricity commitments.