Total added renewable energy capacity could exceed 7 gigawatts (GW) this year—a combination of an upgraded estimate of 3-4 GW large-scale wind and solar reaching first generation and an estimated 3.1 GW of small-scale rooftop solar, according to the Clean Energy Regulator’s (CER) Quarterly Carbon Market Report (QCMR) for Q2 2024.

Acting CER Chair Mark Williamson said, ‘new power station approved capacity under the Large-scale Renewable Energy Target is increasing.’

This audit report template is for auditors preparing an audit report for facilities that meet the high emissions requirement in the Safeguard Rule.

This audit template is for auditors preparing an audit report for the trade-exposed baseline-adjusted determination application that must be submitted with the application.

This guideline is designed to help responsible emitters apply for a borrowing adjustment under section 48 of the National Greenhouse and Energy Reporting (Safeguard Mechanism) Rule 2015.

This guideline is designed to help responsible emitters apply for a trade-exposed baseline-adjusted facility determination under section 39 of the National Greenhouse and Energy Reporting (Safeguard Mechanism) Rule 2015.

Changes to the guideline

The TEBA determination application guideline has been updated following legislative amendments to the Safeguard Rule on 30 August 2024.

Changes include clarification on: 

The Australian carbon credit unit (ACCU) market is seeing a shift with regulatory compliance emerging as the primary source of unit cancellation, according to the Clean Energy Regulator’s (CER) latest Quarterly Carbon Market Report (QCMR).

Read our CEO and Chair David Parker’s advice for planning how to manage excess emissions in his letter to safeguard facilities.

An amendment to the Safeguard Rule was legislated on 27 April 2024.

The amendment ensures a comprehensive set of production variables. The online application form is scheduled to be updated tonight to ensure all new and amended production variables are available for facilities to select when completing their emissions intensity determination (EID) applications.

The amendment also changes the treatment of existing safeguard facilities that do not receive an EID for their existing production variables.