CLEAN ENERGY ACT 2011 (NO. 131, 2011) - SECT 17 Default carbon pollution cap for 2015-16

CLEAN ENERGY ACT 2011 (NO. 131, 2011) - SECT 17

Scope

             (1)  This section applies if there are no regulations in effect that declare the carbon pollution cap, and the carbon pollution cap number, for the flexible charge year beginning on 1 July 2015.

Carbon pollution cap

             (2)  The carbon pollution cap for the flexible charge year is a quantity of greenhouse gas that has a carbon dioxide equivalence of a number of tonnes equal to the number worked out using the following formula:

where:

total emissions numbers for the eligible financial year beginning on 1 July 2012 means the estimate entered in the Information Database under section 186 in relation to the eligible financial year beginning on 1 July 2012.

Carbon pollution cap number

             (3)  The number worked out using that formula is the carbon pollution cap number for the flexible charge year.