Safeguard Mechanism (Crediting) Amendment Act 2023 (14 of 2023)

Schedule 1   Safeguard mechanism

Part 2A   Amendment of the Climate Change Act 2022

Climate Change Act 2022

66F   At the end of Part 4

Add:

15A Environment Minister to give Minister, Climate Change Secretary and Climate Change Authority certain emissions estimates

If, in a financial year:

(a) the Environment Minister approves, under the Environment Protection and Biodiversity Conservation Act 1999, the taking of an action for the purposes of a controlling provision (within the meaning of that Act); and

(b) the Environment Minister is satisfied that the action is likely to result in:

(i) an increase, in the financial year or future financial years, of scope 1 emissions of greenhouse gases from the operation of a designated large facility for the financial year; or

(ii) a new designated large facility for the financial year or a future financial year; and

(c) the Environment Minister has been given an estimate of the scope 1 emissions of greenhouse gases from the taking of the action in one or more financial years for which an entity covered by subparagraph (b)(i) or (ii) is, or is likely to be, a designated large facility;

the Environment Minister must give the estimate to the Minister, the Climate Change Secretary and the Climate Change Authority as soon as practicable after approving the taking of the action.