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ARTICLE · 07 APRIL 2012

Moving towards a Clean Energy Scheme: Exposure Drafts released for comment

Clayton Utz
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As a Clean Energy Scheme moves closer, the functional and procedural aspects of the Scheme are still being implemented.

AustraliaEnergy and Natural Resources
Graeme Dennis (Formerly With Clayton Utz)
Graeme Dennis (Formerly With Clayton Utz)
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As we move closer to the commencement of the Clean Energy Scheme on 1 July 2012, the functional and procedural aspects of the Scheme are still being implemented through legislation and regulations.

Earlier this month, the exposure draft regulations amending the Clean Energy Regulations 2011 and the National Greenhouse and Energy Reporting Regulations 2008 were released for public comment.

Below we highlight key changes and impacts of those draft regulations.

Netting-out for LNG, LPG and CNG exported from Australia

In an important change, the Clean Energy Amendment Regulation 2012 makes clear that for manufacturers of liquefied natural gas (LNG), liquefied petroleum gas (LPG) and compressed natural gas (CNG), emissions can be netted out for LNG, LPG and CNG that is exported or subject to excise duty.

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