Australian Capital Territory Repealed Acts

This legislation has been repealed.

ELECTRICITY (GREENHOUSE GAS EMISSIONS) ACT 2004 (REPEALED) - SECT 3

    (1)     The objects of this Act are—

        (a)     to reduce greenhouse gas emissions associated with the production and use of electricity; and

        (b)     to encourage participation in activities to offset the production of greenhouse gas emissions.

    (2)     For these objects, this Act—

        (a)     establishes Territory greenhouse gas benchmarks and individual greenhouse gas benchmarks for the reduction of greenhouse gas emissions that are to be met by retail suppliers, market customers and certain other people who supply or consume electricity; and

        (b)     provides for greenhouse gas benchmarks to be complied with by acquiring certificates relating to the carrying out of activities that promote the reduction of greenhouse gas emissions; and

        (c)     provides an economic incentive to undertake activities resulting in the reduction of greenhouse gas emissions by imposing a penalty on greenhouse gas emissions above the benchmark.