One million tonne CO2-3 VEET shortfall revealed

First 6 of 6 paragraphs shown There was a shortfall between the tonnes of CO2-e to be reduced by activities as prescribed by the Regulations and the number of certificates that can then be created.
Change planned: The Victorian Government planned ea change to its Victorian Energy Efficiency Target (VEET) - mandatory energy efficiency target scheme - to allow levels of greenhouse gas abatement to be rounded-up to the nearest whole tonne in the creation of certificates.
Energy efficiency action required: The Victorian Energy Efficiency Target Act prescribes that the first (three year) phase of the Energy Saver Incentive will save 8.1 million tonnes of greenhouse gas - the equivalent of making around 675,000 households carbon neutral for a year. On 25 November 2009, the first year scheme target of 2.7 million tonnes of carbon dioxide equivalent (CO2-e) of greenhouse gas emissions was reached.
Legal advice: During the development of the Regulations, legal advice was received that the wording of section 18 did not allow "rounding-up" of tonnes of CO2-e reduction for the purpose of establishing the number of certificate to be created.
Example: DPI gives as an example that where a single low-flow shower rose is installed in a metropolitan premise the greenhouse gas abatement deemed to have occurred is 1.8t CO2-e. The Act however, only permits one certificate to be created from this activity. The residual 0.8t CO2-e is not recognized under the scheme.
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