Australian Gas Networks (Vic) Pty Ltd
Reported emissions vs baseline, 2024–2024
Credit surrenders — Australian Gas Networks (Vic) Pty Ltd
| Year | Emissions | Baseline | Gap | ACCUs | SMCs | Compliance |
|---|---|---|---|---|---|---|
| 24–25 | 112 kt | 119 kt | -7 kt | — | — | Under baseline |
What this means
Australian Gas Networks (Vic) Pty Ltd is a gas supply facility operated by Australian Gas Networks Holding Pty Ltd in VIC. Like all covered facilities, industrial operations generate significant emissions. Under Australia's Safeguard Mechanism, Australian Gas Networks (Vic) Pty Ltd must keep its annual emissions below a stepping-down baseline — or purchase carbon credits to cover any overage.
In 2023–24, Australian Gas Networks (Vic) Pty Ltd came in under its baseline — reporting emissions of 112 kt against an obligation of 119 kt, a surplus of 7 kt. Facilities that come in under baseline can generate Safeguard Mechanism Credits (SMCs), which can be sold to facilities that need to cover an overage. Australian Gas Networks (Vic) Pty Ltd generated 7,487 SMCs in 2023–24.
Across the gas supply sector, 3 of 5 covered facilities reported emissions above their baseline in 2023–24. The table below compares Australian Gas Networks (Vic) Pty Ltd with other gas supply facilities covered by the Safeguard Mechanism.
Gas Supply facilities — Safeguard Mechanism 2023–24
| Facility | Operator | State | Emissions | vs Baseline | Compliance |
|---|---|---|---|---|---|
| Multinet Principal Distribution Network and South Gippsland Pipeline | MULTINET GAS (DB NO. 2) PTY LTD | VIC | 170 kt | +5 kt | SMC buyer |
| JGN | Jemena Gas Networks (NSW) Ltd | NSW | 341 kt | +785 t | ACCU buyer |
| AusNet Gas Services Pty Ltd | AusNet Services Holdings Pty Ltd | VIC | 188 kt | +637 t | ACCU buyer |
| Australian Gas Networks (Vic) Pty Ltd | Australian Gas Networks Holding Pty Ltd | VIC | 112 kt | -7 kt | Under baseline |
| EGP | Jemena Eastern Gas Pipeline (1) Pty Ltd | NSW; VIC | 80 kt | -20 kt | Under baseline |
All data sourced from the Clean Energy Regulator (Australian Government). Zerra is an independent data platform and is not affiliated with any listed facility or operator.