CEL & carbon price compliance

On 1 July 2012, Australia put a price on carbon through the Federal Government’s Clean Energy Legislation (CEL) package. This package is broad-ranging and complex, and businesses face a steep learning curve in adjusting to the new economic reality.

Companies that are directly liable under the carbon pricing mechanism need to understand and meet a number of compliance tasks and dates. They also need to develop suitable internal systems to quantify their carbon output, and link this information with their financial systems to understand the full implications of the carbon price on their operations.

Further to this, liable entities should be aware of the opportunities for free carbon permits and other grants and transitional funding available from the Government.

Net Balance can assist liable entities in all aspects of CEL compliance, and our team includes several Level 1 and Level 2 Greenhouse and Energy Auditors registered with the Clean Energy Regulator. Our services in this area include:

• carbon accounting
• National Greenhouse and Energy Reporting (NGER) advisory and assurance
• data management system specifications
• carbon permit/liability acquisition and acquittal strategy
• carbon risk and liability assessments
• compliance reporting
• Partial Exemption Certification (PEC) applications and audits
• Free permit applications and audits under the Jobs and Competitiveness Program (JCP)