Emissions Trading in Australia

The Australian Government authorities have introduced a variety of emission reduction schemes since 2001.The main initiative comes from the Australian Commonwealth Governments Renewable Energy Act of 2000. Under this legislation, electricity retailers and other wholesale purchasers of electricity are now required to proportionately contribute to the generation of additional energy from renewable sources from 2001 until 2021. This obligation is met either by purchasing physical renewable energy, or the guarantee of generation, 'Renewable Energy Certificates'.

Several of the State Governments have also initiated their own schemes which are also traded in the Australian emissions market.

Trading in the Australian Government RECs program makes up for more than 50% of trading in the Australian renewable energy market, followed by NGACs which makes up another 30%. GPRs and GECs make up the balance in varying proportions depending on the time of the year.

TFS Green is active in all the main Australian trading schemes, including:

TFS Green is also committed to opening up the Asia Pacific region to project investment and development under the Kyoto Protocol project mechanism, the CDM.

Through its long-term commitment to the region, and its global experience in the emissions markets, TFS Green is well placed to provide a complete range of broking services from wholesale trading, to structured deals to its clients in the Asia Pacific region.

For further information on how TFS Green may serve you within the Asia Pacific region, please contact Mike Hopkins at +61 2 9233 6930 or Michael Stone at +61 3 9614 2700.