Renewable Energy (Electricity) Act 2000

Laws and Policies

CCLW

CCLW national policies

Renewable Energy (Electricity) Regulations 2001

Law passed

Last amendment

<ul>
<li>The Renewable Energy (Electricity) Act 2000 in its latest version as of 10 March 2016, also called "Act for the establishment and administration of a scheme to encourage additional electricity generation from renewable energy sources, and for related purposes", aims to: "encourage the additional generation of electricity from renewable sources; </li>
<li>reduce emissions of greenhouse gases in the electricity sector; and</li>
<li>ensure that renewable energy sources are ecologically sustainable" (Art 3).These objectives are to be reached through issuing of certificates for the generation of electricity, with two types of renewable energy certificates:</li>
<li>large?scale generation certificates, created in relation to the generation of electricity by accredited power stations; and</li>
<li>small?scale technology certificates, created in relation to the installation of solar water heaters and small generation units (Art 17B).The certificates can only be issued for eligible renewable energy sources, including hydro, wave, tide, ocean, wind, solar, geothermal?aquifer, hot dry rock, energy crops, wood waste, agricultural waste, waste from processing of agricultural products, food waste, food processing waste, bagasse, black liquor, biomass?based components of municipal solid waste, landfill gas, sewage gas and biomass?based components of sewage, and any other energy source prescribed by the regulations. (Art 17).Certain purchasers (called liable entities) are required to surrender a specified number of certificates for the electricity that they acquire during a year.Liable entity is defined as "a person who, during a year, makes a relevant acquisition (wholesale acquisition or wholesale notional acquisition - <em>author's note</em>) of electricity" (Art 35). Exemption applies if:</li>
</ul>
<ol>
<li>"the electricity was delivered on a grid that has a capacity that is less than 100 MW and that is not, directly or indirectly, connected to a grid that has a capacity of 100 MW or more; or</li>
<li>the end user of the electricity generated the electricity and either of the following conditions are satisfied: (i) the point at which the electricity is generated is less than 1 km from the point at which the electricity is used; (ii) the electricity is transmitted or distributed between the point of generation and the point of use and the line on which the electricity is transmitted or distributed is used solely for the transmission or distribution of electricity between those 2 points" (Art 31).Where a liable entity does not have enough certificates to surrender in a year, it will have to pay renewable energy shortfall charge. There are 2 types of renewable energy shortfall charge:</li>
<li>"large?scale generation shortfall charge, which is calculated by reference to a liable entity's relevant acquisitions of electricity, its exemptions, the number of large?scale generation certificates it surrenders and the renewable energy power percentage; and</li>
<li>small?scale technology shortfall charge, which is calculated by reference to a liable entity's relevant acquisitions of electricity, its exemptions, the number of small?scale technology certificates it surrenders and the small?scale technology percentage" (Art 34A).</li>
</ol>

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An aim to achieve a quantifiable outcome within a given time-frame, set by an institution such as a national government.

Policy instruments are techniques or tools used by governing authorities to promote certain policies in order to achieve predetermined goals. Put simply, instruments are how a government tries to achieve its goals, with this taxonomy being focused on national policy instruments.

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Groups  of people who are adversely affected by climate change or the response to it

A set of principles, processes, and practices that build economic and political power to shift from an extractive economy to a regenerative economy.

Renewable energy means all forms of energy produced from renewable sources in a sustainable manner.

Fossil fuel is a generic term for non-renewable energy sources such as coal, fossil gas, and oil (including crude oil, and petroleum products), that can be used for electricity and heat generation. Fossil fuels are hydrocarbons formed from pressurised and heated organic material buried over millions of years.

Molecules in the atmosphere that play a key role in the greenhouse effect by trapping heat radiating from Earth’s surface.

Area of the economy in which actors engage in identical or related activities.

In human systems, the process of adjustment to actual or expected climate change and its effects, in order to moderate harm, increase resilience or exploit beneficial opportunities. In natural systems, the process of adjustment to actual climate change and its effects; human intervention may facilitate adjustment to expected climate change and its effects.

The management and allocation of funds, assets and investments to meet various objectives

Any compulsory, unrequited payment to the government levied on corporations or individuals. This can be for environmental reasons, such as introducing a Carbon tax to set a price that emitters must pay for the greenhouse gases they emit.

Activities that involve the cultivation of crops and raising of livestock for food, fibre, and other products essential for human life and industry.

Coal is a combustible sedimentary rock formed from carbonised plant matter, rich in carbon and hydrocarbons, and occurring in several main types including hard coal and brown coal.

Either money or something of monetary value is transferred between two or more organisations, people or countries.

Production of electricity and heat from solar irradiation.

Energy derived from biological compounds that are renewable due to their short life cycle within the carbon dioxide cycle.

Compulsory, required payments to the government that are levied more-or-less in proportion to the services provided. Fees and charges range from entrance fees to national parks, charges on land-based sewage discharge.

This sector provides communication services, software development, and IT solutions.

The activities of industries that transforms raw materials into finished goods through industrial processes.

The activities of industries involved in the production, distribution, and sale of energy, including electricity, gas, and renewables.

Actions or measures to adapt freshwater, coastal and marine systems to climate change.

Actions or measures to adapt freshwater systems to climate change.

Heat extracted from the ground, usually in the form of hot water or steam and typically referred to as hydrothermal fluid.

This sector involves managing waste treatment, sanitation, pollution control and environmental cleanup.

The processes through which enterprises can identify, prevent, mitigate and account for how they address their actual and potential adverse impacts. Due diligence is the idea that reasonable precautions should be taken to avoid causing harm to people, the environment, or society. It also involves identifying and mitigating risks before they occur.

Fossil gas, commonly known as natural gas, is a fossil fuel consisting chiefly of methane with smaller amounts of other hydrocarbons and trace gases, found in underground deposits.

Renewable Energy (Electricity) Act 2000

Policy instrument

Impacted group

Renewable energy

Fossil fuel

Greenhouse gas

Economic sector

Adaptation/resilience

Finance