The Granites Mine
The Safeguard Mechanism requires Australia's largest industrial facilities to keep net emissions under a legislated, stepping-down baseline — or offset the difference with carbon credits.
Reported emissions vs baseline, 2016–17 to 2017–18
Credit surrenders — The Granites Mine
| Year | Emissions | Baseline | Gap† | ACCUs | SMCs | Compliance† |
|---|---|---|---|---|---|---|
| 17–18 | 199 kt | 236 kt | -37 kt | — | — | Under baseline |
| 16–17 | 159 kt | 236 kt | -77 kt | — | — | Under baseline |
Emissions, baseline, ACCUs and SMCs are reported directly by CER. †Gap and compliance category are calculated by Zerra from those figures.
What this means
The Granites Mine is a facility operated by NEWMONT TANAMI PTY LTD in NT. Like all covered facilities, industrial operations generate significant emissions. Under Australia's Safeguard Mechanism, The Granites Mine must keep its annual emissions below a stepping-down baseline — or purchase carbon credits to cover any overage.
In 2017–18, The Granites Mine came in under its baseline — reporting emissions of 199 kt against an obligation of 236 kt, a surplus of 37 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.
Related facilities — Safeguard Mechanism 2017–18
No peer data available.
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.