retailers and carbon average for certain other NSW parties in carbon generation. NSW and sequestered the ACT. in eligible For These forests in projects, parties were NSW. emission referred to reductions as Activities had were measured some restrictions as the energy ‘benchmark participants’. and inputs from alternative Benchmark projects were to (renewable) participants be carried out in (liable NSW only, entities) demand-side electricity were abatement in changes from required to NSW or ACT, baseline reduce per electricity energy capita GHG generation consumption. emissions to projects in any the jurisdiction For large benchmark connected to the electricity user level. If national grid no projects, three participants creation of baseline could not certificates under methodologies meet the another GGAS were provided: benchmark, rule or scheme; they could no a project surrender electricity impact offsetting consumption by assessment reducing the for ‘abatement certificates’ economic benefit one-off against their from the use of projects liability. the electricity; two and activities to baseline These offset reduce losses in methods electricity certificates for were created transmission or multiple by distribution ongoing accredited networks were activities certificate ineligible. aimed at providers for reducing four Sequestration the projects were emissions reducing required to be intensity of activities from the plant. and could be
retailers and certain other parties in NSW and the ACT. These parties were referred to as ‘benchmark participants’. Benchmark participants (liable entities) were required to reduce per capita GHG emissions to the benchmark level. If participants could not meet the benchmark, they could surrender offsetting ‘abatement certificates’ against their liability. These offset certificates were created by accredited certificate providers for four activities and could be carbon carbon sequestered in eligible forests in NSW. Activities had some restrictions and projects were to be carried out in NSW only, demand-side abatement in NSW or ACT, electricity generation projects in any jurisdiction connected to the national grid no creation of certificates under another GGAS rule or scheme; no reducing electricity consumption by reducing the economic benefit from the use of the electricity; and activities to reduce losses in electricity transmission or distribution networks were ineligible. Sequestration projects were required to be from average for NSW generation. For projects, emission reductions were measured as the energy inputs from alternative (renewable) electricity changes from baseline energy consumption. For large electricity user projects, three baseline methodologies were provided: a project impact assessment for one-off projects two baseline methods for multiple ongoing activities aimed at reducing the emissions intensity of the plant.
CCA_CFIStudyPublicReportHTMLAppendixA.docx