Australia is introducing a price on carbon, which will start on 1 July 2012. Are you ready to comply?
The Australian National Registry of Emissions Units (ANREU) is a system designed to meet one of Australia’s commitments under the Kyoto Protocol. Corporations registered under the National Greenhouse and Energy Reporting Act 2007 (the NGER Act) are obliged to report greenhouse gas emissions, energy production and energy consumption to the Greenhouse and Energy Data Officer (GEDO).
The Australian carbon pricing mechanism will start at a fixed price of $23 a tonne in 2012-13, and then transition to a flexible market price under a ‘cap and trade’ scheme in 2015-16. In both the fixed and the flexible price period, liable end-user entities will have to pay a price for every tonne of carbon pollution or the equivalent amount of certain other greenhouse gas that is emitted.
Liable entities will be required to report on their emissions; liable entities can meet their liabilities by either surrendering units to meet the obligation, or paying a unit shortfall charge. This is where Pioneer Solutions’ EmissionsTracker meets these ANREU requirements with a comprehensive software package that automates end-to-end emissions tracking and management processes, including inventory tracking, trading and compliance.
EmissionsTracker supports comprehensive environmental products including Green House Gases (GHG), emissions reduction credits, CO2 offsets, CO2 credits, SO2, NOx, REC and Kyoto Protocol-defined products such as CER, ERU and VER.
About Pioneer Solutions LLC:
Pioneer Solutions is a global software provider of next generation Energy Trading and Risk Management (ETRM) Environmental Management Information Systems (EMIS) & Enterprise Compliance Solutions. Serving some of the largest utilities and energy companies across the globe, our pioneering flexible, web-based architecture can easily model unique and challenging business requirements and automate business processes.
Our proven, modular technology allows us to deliver specific modules or an entire comprehensive enterprise solution. This advanced configurable, template and work flow driven architecture facilitates rapid deployment ensuring a quality, on-time delivery and low cost of ownership.
Pioneer’s comprehensive suite of products are designed specifically for utilities and energy companies offering a single, seamlessly integrated, straight-through processing enterprise platform for all commodity types, risk exposures and compliance needs.