House of Representatives Committees

| House of Representatives Standing Committee on Economics

Footnotes

Chapter 1 - Introduction

[1]       Joint Select Committee on Australia’s Clean Energy Future Legislation (JSCACEFL), Advisory Report on the Clean Energy Bills and the Steel Transformation Bill 2011, October 2011, p. 6.

[2]       Prime Minister, Deputy Prime Minister and Treasurer, Minister for Climate Change and Energy Efficiency, Joint media release, Putting a price on carbon pollution, 10 July 2011, <http://www.pm.gov.au/press-office/putting-price-carbon-pollution>, viewed 21 September 2012.

[3]       Australian Government, Securing a clean energy future: The Australian Government’s climate change plan, 2011, p. 27.

[4]       Department of Climate Change and Energy Efficiency (DCCEE), Price floor for Australia’s carbon pricing mechanism: Implementing a surrender charge for international units, December 2011, p. 5.

[5]       DCCEE, Media release, Australia and European Commission agree on pathway towards fully linking emissions trading systems, 28 August 2012, < http://www.climatechange.gov.au/minister/greg-combet/2012/media-releases/August/JMR-20120828.aspx>, viewed 21 September 2012.

[6]       European Commission, Climate Action, <http://ec.europa.eu/clima/policies/ets/index_en.htm>, viewed 21 September 2012

[7]       DCCEE, Media release, Australia and European Commission agree on pathway towards fully linking emissions trading systems, 28 August 2012, p. 1, < http://www.climatechange.gov.au/minister/greg-combet/2012/media-releases/August/JMR-20120828.aspx>, viewed 21 September 2012.

[8]       Explanatory Memorandum (Combined), Clean Energy Amendment (International Emissions Trading and Other Measures) Bill 2012, Clean Energy (Charges—Excise) Amendment Bill 2012, Clean Energy (Charges—Customs) Amendment Bill 2012, Excise Tariff Amendment (Per-tonne Carbon Price Equivalent) Bill 2012, Ozone Protection and Synthetic Greenhouse Gas (Import Levy) Amendment (Per-tonne Carbon Price Equivalent) Bill 2012, Ozone Protection and Synthetic Greenhouse Gas (Manufacture Levy) Amendment (Per-tonne Carbon Price Equivalent) Bill 2012, and Clean Energy (Unit Issue Charge—Auctions) Amendment Bill 2012, p. 8.

[9]       Also see Appendix D which provides a summary of the Explanatory Memorandum.

[10]     Explanatory Memorandum (Combined), Clean Energy Amendment Bills, p. 12.

[11]     Department of the Treasury, Strong Growth, Low Pollution: Modelling a carbon price, <http://cache.treasury.gov.au/treasury/carbonpricemodelling/content/report/downloads/Modelling_Report_Consolidated.pdf>.

[12]     Explanatory Memorandum (Combined), Clean Energy Amendment Bills, p. 13.

[13]     Explanatory Memorandum (Combined), Clean Energy Amendment Bills, p. 14.

[14]     Explanatory Memorandum (Combined), Clean Energy Amendment Bills, p. 15.

[15]     Explanatory Memorandum (Combined), Clean Energy Amendment Bills, p. 54.

[16]     Explanatory Memorandum (Combined), Clean Energy Amendment Bills, p. 16.

[17]     Explanatory Memorandum (Combined), Clean Energy Amendment Bills, p. 16.

[18]     Explanatory Memorandum (Combined), Clean Energy Amendment Bills, p. 23.

[19]     Explanatory Memorandum (Combined), Clean Energy Amendment Bills, p. 9.

[20]     Explanatory Memorandum (Combined), Clean Energy Amendment Bills, p. 16.

[21]     Explanatory Memorandum (Combined), Clean Energy Amendment Bills, p. 23.

[22]     The Hon Greg Combet AM MP, Minister for Climate Change and Energy Efficiency, House of Representatives, 19 September 2012, p. 5.

[23]     The Hon Greg Combet AM MP, Minister for Climate Change and Energy Efficiency, House of Representatives, 19 September 2012, pp. 5-6.

[24]     Explanatory Memorandum (Combined), Clean Energy Amendment Bills, p. 16.

[25]     The Hon Greg Combet AM MP, Minister for Climate Change and Energy Efficiency, House of Representatives, 19 September 2012, p. 6.

[26]     DCCEE website, <http://www.climatechange.gov.au/government/clean-energy-future/legislation.aspx>, viewed 21 September 2012.

[27]     House of Representatives Selection Committee, Report No. 66, 20 September 2012, p. 3.

[28]     Joint Select Committee on Australia’s Clean Energy Future Legislation, Advisory Report on the Clean Energy Bills and the Steel Transformation Bill 2011, Parliament of Australia, Canberra, October 2011.

Chapter 2 - Issues in the bills

[1]       The key amendments are contained in the Clean Energy Amendment (International Emissions Trading and Other Measures) Bill 2012 (the bill). The package of bills will be referred to as the ‘Clean Energy Amendment Bills 2012’ and covers all seven bills, including: Clean Energy (Charges-Excise) Amendment Bill 2012, Clean Energy (Charges-Customs) Amendment Bill 2012; Excise Tariff Amendment (Per-Tonne Carbon Price Equivalent) Bill 2012; Ozone Protection and Synthetic Greenhouse Gas (Import Levy) Amendment (Per-Tonne Carbon Price Equivalent) Bill 2012; Ozone Protection and Synthetic Greenhouse Gas (Manufacture Levy) Amendment (Per-Tonne Carbon Price Equivalent) Bill 2012; and Clean Energy (Unit Issue Charge-Auctions) Amendment Bill 2012.

[2]       Explanatory Memorandum, Clean Energy Amendment Bills 2012, p. 8.

[3]       Australian Government, Australia’s Climate Change Policy, 2007, p. 11.

[4]       Australian Government, Prime Ministerial Task Group on Emissions Trading, 2007, p. 113.

[5]       Australian Government, Carbon Pollution Reduction Scheme White Paper, 2009, p. 11-3.

[6]       Australian Government, Securing a Clean Energy Future, 2011, p. 30.

[7]       The Hon Greg Combet AM MP, Minister for Climate Change and Energy Efficiency, House of Representatives, 19 September 2012.

[8]       Explanatory Memorandum (Combined), Clean Energy Amendment Bills, p. 8.

[9]       Explanatory Memorandum (Combined), Clean Energy Amendment Bills, p. 7.

[10]     World Bank, State and Trends of the Carbon Market, 2012, p. 10.

[11]     Mr Martijn Wilder, Baker & McKenzie, Committee Hansard, 27 September 2012, p. 1.

[12]     Mr Seb Henbest, Bloomberg New Energy Finance, Committee Hansard, 27 September 2012, p. 3.

[13]     Ms Jenny Wilkinson, Acting Deputy Secretary, DCCEE, Committee Hansard, 27 September 2012, p. 7.

[14]     Ms Jenny Wilkinson, Acting Deputy Secretary, DCCEE, Committee Hansard, 27 September 2012, p. 7.

[15]     Australian Financial Markets Association, Submission 5, p. 1.

[16]     Clean Energy Council, Submission 1, p. 2.

[17]     Mr Rob Fowler, IETA Committee Hansard, 27 September 2012, p. 4.

[18]     Mr Steven Ciobo MP, Committee Hansard, 27 September 2012, p. 12.

[19]     Mr Peter Morris, Australian Coal Association, Committee Hansard, 27 September 2012, p. 5.

[20]     Cement Industry Federation, Submission 3, p. 5.

[21]     Mr Martijn Wilder AM, Partner, Baker and McKenzie, Committee Hansard, 27 September 2012, p. 6.

[22]     Mr Seb Henbest, Bloomberg New Energy Finance, Committee Hansard, 27 September 2012, p. 6.

[23]     Mr Seb Henbest, Bloomberg New Energy Finance, Committee Hansard, 27 September 2012, p. 6.

[24]     Explanatory Memorandum (Combined), Clean Energy Amendment Bills, p. 42.

[25]     Ms Jenny Wilkinson, Acting Deputy Secretary, DCCEE, Committee Hansard, 27 September 2012, pp. 9–10.

[26]     Explanatory Memorandum (Combined), Clean Energy Amendment Bills, p. 42.

[27]     Explanatory Memorandum (Combined), Clean Energy Amendment Bills, p. 43.

[28]     Explanatory Memorandum (Combined), Clean Energy Amendment Bills, p. 43.

[29]     Business Council of Australia, Submission regarding the Draft Clean Energy Legislation Amendment (International Emissions Trading and Other Measures) Bill 2012 and Related Bills, September 2012, p. 3.

[30]     COZero, Submission 7, p. 1.

[31]     Australian Financial Markets Association, Submission 5, p. 1.

[32]     The Climate Institute, Submission 9, p. 2.

[33]     The Climate Institute, Submission 9, p. 3.

[34]     The Climate Institute, Submission 9, p. 2.

[35]     Ms Jenny Wilkinson, Acting Deputy Secretary, DCCEE, Committee Hansard, 27 September 2012 p. 9.

[36]     Ms Jenny Wilkinson, Acting Deputy Secretary, DCCEE, Committee Hansard, 27 September 2012, p. 9.

[37]     Mr Damien Dwyer, Director, Economic, APPEA, Committee Hansard, 27 September 2012, p. 2; Mr Alex Gosman, CEO, Australian Industry Greenhouse Network, Committee Hansard, 27 September 2012, p. 2; Mr Rob Fowler, Australia and New Zealand Representative, International Emissions Trading Association, Committee Hansard, 27 September 2012, p. 4; Mr Martijn Wilder AM, Partner, Baker and McKenzie, Committee Hansard, 27 September 2012, p. 31.

[38]     Ms Jenny Wilkinson, Acting Deputy Secretary, DCCEE, Committee Hansard, 27 September 2012, p. 9.

[39]     Explanatory Memorandum (Combined), Clean Energy Amendment Bills, p. 26.

[40]     Explanatory Memorandum (Combined), Clean Energy Amendment Bills, p. 27.

[41]     Explanatory Memorandum (Combined), Clean Energy Amendment Bills, p. 26.

[42]     Mr Damien Dwyer, Director, Economic, APPEA, Committee Hansard, 27 September 2012, p. 15.

[43]     Cement Industry Federation, Submission 3, p. 6.

[44]     COZero, Submission 7, p. 1

[45]     Mr Seb Henbest, Bloomberg New Energy Finance, Committee Hansard, 27 September 2012, p. 16.

[46]     Mr Martijn Wilder AM, Partner, Baker and McKenzie, Committee Hansard, 27 September 2012, p. 19.

[47]     Ms Jenny Wilkinson, Acting Deputy Secretary, DCCEE, Committee Hansard, 27 September 2012, p. 17.

[48]     Ms Jenny Wilkinson, Acting Deputy Secretary, DCCEE, Committee Hansard, 27 September 2012, p. 17.

[49]     Mr Simon Writer, Assistant Secretary, DCCEE, Committee Hansard, 27 September 2012, p. 26.

[50]     Explanatory Memorandum (Combined), Clean Energy Amendment Bills, p. 43.

[51]     Explanatory Memorandum (Combined), Clean Energy Amendment Bills, p. 43.

[52]     AGL, submission to the Clean Energy Future Consultation of the Department of Climate Change and Energy Efficiency, Exhibit A, p. 2.

[53]     AGL, submission to the Clean Energy Future Consultation of the Department of Climate Change and Energy Efficiency, Exhibit A, p. 3.

[54]     APPEA, Submission 2, p. 5.

[55]     Mr Damien Dwyer, Director, Economic, APPEA, Committee Hansard, 27 September 2012, p. 23.

[56]     Mr Simon Writer, Assistant Secretary, DCCEE, Committee Hansard, 27 September 2012, p. 24.

[57]     Mr Simon Writer, Assistant Secretary, DCCEE, Committee Hansard, 27 September 2012, p. 24.

[58]     Mr Simon Writer, Assistant Secretary, DCCEE, Committee Hansard, 27 September 2012, p. 26.

[59]     Ms Jenny Wilkinson, Acting Deputy Secretary, DCCEE, Committee Hansard, 27 September 2012, p. 25.

[60]     Mr Simon Writer, Assistant Secretary, DCCEE, Committee Hansard, 27 September 2012, p. 26.

[61]     Mr Damien Dwyer, Director, Economic, APPEA, Committee Hansard, 27 September 2012, p. 24.

[62]     Mr Damien Dwyer, Director, Economic, APPEA, Committee Hansard, 27 September 2012, pp. 24–5.

Appendix D – Details of the bills

[1]       Explanatory Memorandum, Clean Energy Amendment Bills 2012, p. 22.

[2]       Explanatory Memorandum, Clean Energy Amendment Bills 2012, p. 25.

[3]       Explanatory Memorandum, Clean Energy Amendment Bills 2012, p. 25.

[4]       Explanatory Memorandum, Clean Energy Amendment Bills 2012, p. 22.

[5]       Explanatory Memorandum, Clean Energy Amendment Bills 2012, p. 26.

[6]       Explanatory Memorandum, Clean Energy Amendment Bills 2012, p. 26.

[7]       Explanatory Memorandum, Clean Energy Amendment Bills 2012, p. 26.

[8]       Explanatory Memorandum, Clean Energy Amendment Bills 2012, p. 27.

[9]       Explanatory Memorandum, Clean Energy Amendment Bills 2012, p. 28.

[10]     Explanatory Memorandum, Clean Energy Amendment Bills 2012, p. 28.

[11]     Explanatory Memorandum, Clean Energy Amendment Bills 2012, p. 29.

[12]     Explanatory Memorandum, Clean Energy Amendment Bills 2012, p. 29.

[13]     Explanatory Memorandum, Clean Energy Amendment Bills 2012, p. 29.

[14]     Explanatory Memorandum, Clean Energy Amendment Bills 2012, p. 31.

[15]     Explanatory Memorandum, Clean Energy Amendment Bills 2012, pp. 30-31.

[16]     Explanatory Memorandum, Clean Energy Amendment Bills 2012, p. 29.

[17]     Explanatory Memorandum, Clean Energy Amendment Bills 2012, p. 22.

[18]     Explanatory Memorandum, Clean Energy Amendment Bills 2012, p. 32.

[19]     Explanatory Memorandum, Clean Energy Amendment Bills 2012, pp. 32-33.

[20]     Explanatory Memorandum, Clean Energy Amendment Bills 2012, p. 33.

[21]     Explanatory Memorandum, Clean Energy Amendment Bills 2012, p. 37.

[22]     Explanatory Memorandum, Clean Energy Amendment Bills 2012, pp. 22-23, 34.

[23]     Explanatory Memorandum, Clean Energy Amendment Bills 2012, pp. 41-42.

[24]     Explanatory Memorandum, Clean Energy Amendment Bills 2012, p. 22.

[25]     Explanatory Memorandum, Clean Energy Amendment Bills 2012, p. 34.

[26]     Explanatory Memorandum, Clean Energy Amendment Bills 2012, p. 36.

[27]     Explanatory Memorandum, Clean Energy Amendment Bills 2012, p. 35.

[28]     Explanatory Memorandum, Clean Energy Amendment Bills 2012, p. 38.

[29]     Explanatory Memorandum, Clean Energy Amendment Bills 2012, p. 38.

[30]     Explanatory Memorandum, Clean Energy Amendment Bills 2012, p. 38.

[31]     Explanatory Memorandum, Clean Energy Amendment Bills 2012, pp. 38-39.

[32]     Explanatory Memorandum, Clean Energy Amendment Bills 2012, p. 40.

[33]     Explanatory Memorandum, Clean Energy Amendment Bills 2012, p. 40.

[34]     Explanatory Memorandum, Clean Energy Amendment Bills 2012, p. 42.

[35]     Explanatory Memorandum, Clean Energy Amendment Bills 2012, p. 42.

[36]     Explanatory Memorandum, Clean Energy Amendment Bills 2012, p. 43.

[37]     Explanatory Memorandum, Clean Energy Amendment Bills 2012, p. 43.

[38]     Explanatory Memorandum, Clean Energy Amendment Bills 2012, p. 44.

[39]     Explanatory Memorandum, Clean Energy Amendment Bills 2012, p. 45.

[40]     Explanatory Memorandum, Clean Energy Amendment Bills 2012, p. 46; see pp. 47-49 for a discussion on modifications to the basic rule for calculating the per-tonne carbon price equivalent.

[41]     Explanatory Memorandum, Clean Energy Amendment Bills 2012, pp. 23, 44.

[42]     Explanatory Memorandum, Clean Energy Amendment Bills 2012, p. 51.

[43]     Explanatory Memorandum, Clean Energy Amendment Bills 2012, pp. 55-56.

[44]     Explanatory Memorandum, Clean Energy Amendment Bills 2012, p. 56.

[45]     Explanatory Memorandum, Clean Energy Amendment Bills 2012, p. 56.

[46]     Explanatory Memorandum, Clean Energy Amendment Bills 2012, p. 54.

[47]     Explanatory Memorandum, Clean Energy Amendment Bills 2012, p. 54.

[48]     DCCEE website, <http://www.climatechange.gov.au/government/clean-energy-future/legislation.aspx>, viewed 23 September 2012.

[49]     Explanatory Memorandum, Clean Energy Amendment Bills 2012, p. 55.

[50]     Explanatory Memorandum, Clean Energy Amendment Bills 2012, p. 55.

[51]     Explanatory Memorandum, Clean Energy Amendment Bills 2012, p. 64.

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