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Legislative Assembly for the ACT: 2006 Week 8 Hansard (22 August) . . Page.. 2466..

MR CORBELL (continuing):

with the terms of the deed of agreement between the club and the territory signed on 15 September 2002.

For the information of members, I have also tabled two other schedules relating to approved lease variations and change of use charge payments received for the same period. As an aside, I note that the information Dr Foskey was seeking in relation to the change of use charge levied on the Queensland Investment Corporation for sections 84 and 89 in the city also would be reported through this schedule which is tabled on a quarterly basis. I am not sure whether it is in a schedule that has already been tabled, but I would draw Dr Foskey's attention to the fact that this information is publicly tabled every quarter and she may like to review previous schedules that have been tabled to obtain the information she was looking for.

Greenhouse gas abatement scheme—compliance report

Paper and statement by minister

MR HARGREAVES (Brindabella—Minister for the Territory and Municipal Services, Minister for Housing and Minister for Multicultural Affairs): For the information of members, I present the following paper:

ACT Greenhouse Gas Abatement Scheme—Compliance and operation of the scheme for the twelve months ending 31 December 2005, dated June 2006, prepared by the Independent Competition and Regulatory Commission.

I ask for leave to make a statement in relation to the paper.

Leave granted.

MR HARGREAVES: I bring to the Assembly today the first annual report on the operation of the ACT greenhouse gas abatement scheme. Rising greenhouse emissions pose a significant threat to the social, environmental and economic welfare of ACT citizens, present and future.

The scheme was established in the ACT under the Electricity (Greenhouse Gas Emissions) Act 2004 and commenced on 1 January 2005. The scheme is designed to reduce or offset greenhouse gas emissions associated with the production of electricity. The scheme requires retailers of electricity in the ACT to procure an increasing component of their product from cleaner and greener means of producing electricity, thereby effecting large reductions in associated greenhouse gases.

In the ACT, electricity use accounts for over 60 per cent of greenhouse gas emissions. Targeting electricity production and consumption is a key step to achieving meaningful greenhouse gas reductions in the ACT. There were 14 licensed electricity retailers in the ACT in 2005. This report confirms that all electricity retailers in the ACT have met their obligations under the scheme for the 2005 compliance year.

The compliance of these retailers in 2005 has achieved greenhouse gas emissions abatement of 316,362 tonnes, equivalent to the annual emissions produced by around 73,570 cars. The greenhouse gas abatement scheme is the single most effective greenhouse gas abatement measure currently available to the territory and demonstrates

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