60Definitions

60 Definitions

60 Definitions

In this Part—

greenhouse gas has the same meaning as in the National Greenhouse and Energy Reporting Act 2007 of the Commonwealth.

higher emission firming infrastructure, for a calendar year, means firming infrastructure where the firming infrastructure emissions intensity in the calendar year is higher than the NSW emissions intensity for the calendar year.

LTES operator for firming infrastructure means the LTES operator under the LTES agreement for the firming infrastructure.

NSW carbon credit units means Australian carbon credit units registered for a project area under the Carbon Credits (Carbon Farming Initiative) Act 2011 of the Commonwealth, section 147 for eligible offset projects in New South Wales.

offset requirement—see clause 62(1).

offset units means—

(a) NSW carbon credit units, or

(b) other carbon credit units approved by the regulator.

scope 1 emission has the same meaning as in the National Greenhouse and Energy Reporting Act 2007 of the Commonwealth.

surrender of offset units means the voluntary cancellation of the units—

(a) for NSW carbon credit units—in accordance with the Australian National Registry of Emissions Units Act 2011 of the Commonwealth, Part 6, or

(b) otherwise—in a way that ensures the units can no longer be transferred.

cl 60: Ins 2022 (787), Sch 1[3].