The objective of the Act is to remove greenhouse gases (GHGs) from the atmosphere and avoid emissions of GHGs through incentives for GHG offsetting projects and increase carbon abatement.
Environment
More informationThe first objective of the Act is to remove greenhouse gases (GHGs) from the atmosphere and avoid emissions of GHGs, in order to meet Australia’s obligations under any or all of the following: (a) the Climate Change Convention / UNFCCC; (b) the Kyoto Protocol; (c) an international agreement that is the successor (whether immediate or otherwise) to the Kyoto Protocol (i.e. the 2015 Paris Agreement). The second objective of the Act is to create incentives for GHG offsetting projects. Its third objective is to increase carbon abatement in a manner that: (a) is consistent with the protection of Australia’s natural environment; and (b) improves resilience to the effects of climate change. Its fourth objective is to authorise the purchase by government of carbon abatement units.
Organizations covered by the instrumentAll Companies
Target organization notesTargets farmers and land managers
Disclosure venueenvironmentally responsible actions
ESG coverage - E (Environment)Climate & GHG emissions, Land Use & Forests, Environmental Compliance & Risk
ESG coverage- S (Social)Human Rights, Product & Services Responsibility
ESG coverage- G (Governance)Structure & Leadership, Accountability, Anti-Corruption and Anti-Competitive Behaviour, Stakeholder Engagement
ESG coverage- Eco (Economic & General)Economic performance, Indirect economic impacts, Trade and Investment, Procurement and Supply Chain Management
Current
CountryAustralia
RegionAsia Pacific
Date of publication2011
Issuer typeGovernments (governmental department, agency)
Reporting requirementsPublic law and regulation
Mandatory or voluntaryMandatory
The geographical scopeNational/federal