From
next Tuesday (1 July), businesses emitting large amounts of greenhouse
gases will be required to monitor and measure the emissions ahead of
reporting them to the Government by 31 October 2009.

The National Greenhouse and Energy Reporting Regulations 2008 have been released.

From
1 July, corporate groups that emit 125 kilotonnes or more of greenhouse
gases each year, or produce or consume 500 terajoules or more of
energy, will be required to collect data to meet annual reporting
requirements. Corporations controlling
facilities that emit more than 25 kilotonnes of greenhouse gases, or
use or produce 100 terajoules or more of energy, will also need to
collect data.

While
the National Greenhouse and Energy Reporting Act 2007 comes into effect on 1 July 2008, relevant
corporations will have until 31 August 2009 to apply to register under
the scheme, and until 31 October 2009 to submit their first annual
greenhouse and energy report.

The
Department of Climate Change has developed an online calculator to help
businesses work out whether the system applies to them.