Application of an equivalent carbon price for synthetic greenhouse gases - refrigerants

1. Application of an equivalent carbon price for synthetic greenhouse gases Department of Sustainability, Environment, Water, Population and Communities

3. The equivalent carbon price will be administered under the ozone protection and synthetic greenhouse gas legislation

4. Equivalent carbon price will be adjusted annually to reflect the prevailing carbon price (and based on the GWP of each gas)

7. levy charged at prescribed rate ($165 per tonne) + equivalent carbon price, based on the GWP of the gas

8. Perfluorocarbons (PFCs) and sulfur hexafluoride (SF6) will be included

9. The scope of pre-charged equipment expanded to include all equipment containing a SGG

11. Reporting period will remain 15 days after the end of the quarter

12. Levy payment extended from 15 to 60 days after the end of the quarter

13. carbon price component will go to consolidated revenue

14. Exemptions for some imported equipment defined as a personal effect

16. Legislation

17. Legislation (2) Aims from today’s discussion is to seek your comments Please include any comments in your submission back to DCCEE by 22 August 2011 We are seeking technical comments on the draft legislation only, and how it reflects the broader policy objectives How to make a submission Complete a submission cover sheet (found here: http://climatechange.gov.au/government/submissions/clean-energy-legislative-package.aspx) Email your cover sheet and submission to cleanenergybills@climatechange.gov.au Or, post your submission to:Carbon Price Legislation BranchClimate Strategy and Markets DivisionDepartment of Climate Change and Energy EfficiencyGPO Box 854CANBERRA ACT 2601