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Australian Emissions Trading Law
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Australian Emissions Trading Law

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Overview
Published 3 July 2012 (Thomson Reuters)
ISBN: 9780455230139.
Description

By Murray Wilcox AO QC, Michael Rennie

Australia’s carbon pricing mechanism commences on 1 July 2012, increasing the pressure on businesses and their advisors to plan responses to climate change challenges and opportunities. Australian Emissions Trading Law is a practical and timely introduction to the legislation that creates and governs the carbon pricing mechanism, helping corporations and their advisors understand the shape, structure and operation of the scheme and to assess the opportunities and risks it poses.

Authored by former Federal Court judge, Murray Wilcox AO QC, and Michael Rennie of the NSW Bar, Australian Emissions Trading Law explains: Greenhouse gas emissions trading schemes The Australian legislation, including the new Clean Energy legislation Liability for emissions from 1 July 2012 Discharging liability for emissions Industry assistance for trade exposed industries and coal-fired electricity generators and Administration of the scheme, including guidance on compliance and the civil penalty provisions.

"Lawyers, administrators, scientists and others who have a professional interest in the legal mechanics affecting the reduction of greenhouse gases will find in these pages a lucid explanation of this new field of law. The authors have shown that the precise meaning and operation of some provisions will be defined only by judicial interpretation but their tentative explanations of these provisions are offered with the authority of substantial experience and industry. No doubt the course of litigation and perhaps the dialectic of political controversy will spawn further examinations of the legislation, but this book is, and will remain, the groundwork for any future study." Taken from the Foreword by the Honourable Sir Gerard Brennan AC KBE, former Chief Justice of the High Court of Australia.

Contents
Foreword by the Honourable Sir Gerard Brennan AC KBE QC
Introduction
Glossary
PART ONE—GREENHOUSE GAS EMISSIONS TRADING SCHEMES
1. Emissions trading schemes
2. Movement towards an Australian emissions trading scheme
PART TWO—OVERVIEW OF THE AUSTRALIAN LEGISLATION
3. Australian legislation before the Clean Energy Act
4. Overview of the 2011 Clean Energy legislation
5. The principal statutory authorities
PART THREE—BECOMING LIABLE FOR EMISSIONS
6. Direct emitters’ liability
7. Liability for emissions from natural gas
8. The Opt-in Scheme PART FOUR—DISCHARGING LIABILITY FOR EMISSIONS
9. Acquiring eligible emissions units
10. Surrendering eligible emissions units to discharge liability
PART FIVE— INDUSTRY ASSISTANCE
11. Trade exposed industries
12. Coal fired electricity generators
PART SIX—ADMINISTRATION
13. Publication of information
14. Review of the Regulator’s decisions
15. Ensuring compliance
16. A medley of administrative provisions
17. Independent reviews
Index

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