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Victorian Energy Efficiency Target Act 2007
31Greenhouse gas emissions liability for relevant entity
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31 Greenhouse gas emissions liability for relevant entity
(1) For the purposes of section 29, the total amount in tonnes of carbon dioxide equivalent of greenhouse gas emissions that a relevant entity is liable for in respect of electricity in a year is to be calculated in accordance with the formula—
E × RE
"E" is the amount of electricity (in MWh) acquired by the relevant entity under scheme acquisitions in that year;
"RE" is the greenhouse gas reduction rate for electricity fixed under section 32 for that year.
(2) For the purposes of section 29, the total amount in tonnes of carbon dioxide equivalent of greenhouse gas emissions that a relevant entity is liable for in respect of gas in a year is to be calculated in accordance with the formula—
G × RG
"G" is the amount of gas (in GJ) acquired by the relevant entity under scheme acquisitions in that year;
"RG" is the greenhouse gas reduction rate for gas fixed under section 32 for that year.
(3) The amount calculated under subsection (1) or (2) is to be rounded up to the nearest tonne of carbon dioxide equivalent of greenhouse gas emissions.