GGAS commenced operation in 2003 and was the world’s first mandatory carbon trading scheme. However, legislation provides that GGAS would cease to operate once a national scheme with similar objectives is in operation.
This is our third annual report on the Energy Savings Scheme (ESS) and discusses the second full year of operation of the scheme. The number of certificates created increased from 804,318 certificates for 2010 to 1,086,120 certificates for 2011.