New South Wales Consolidated Acts
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ELECTRICITY SUPPLY ACT 1995 - SECT 97A
Objects of Part
97A Objects of Part
(1) The objects of this Part are to reduce greenhouse gas emissions associated
with the production and use of electricity and to encourage participation in
activities to offset the production of greenhouse gas emissions.
(2) For
those objects, this Part-- (a) establishes State greenhouse gas benchmarks and
individual greenhouse gas benchmarks for the reduction of greenhouse gas
emissions that are to be met by retailers, market customers and certain other
persons 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 specified benchmark.
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