The Clean Energy Act 2011 establishes the framework for implementing a carbon pricing mechanism in Australia. It includes provisions for covered entities, emission obligations, and limits on emissions units.
The Clean Energy Act 2011 is part of a broader package of 18 bills aiming to create a carbon pricing mechanism in Australia. The Act details the entities and emissions subject to the mechanism, obligations to surrender eligible emissions units, the issuance and allocation of carbon units, cost-containment mechanisms, and provisions for linking with other emissions trading schemes. It also includes assistance measures for emissions-intensive and trade-exposed activities, coal-fired electricity generators, and establishes frameworks for monitoring, enforcement, and administrative review. The Act further provides for reviews of various aspects of the mechanism to ensure its effectiveness.
